Nikkei, KOSPI Highs as Oil Rises on Iran Tensions
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- Nikkei hit a record high, tracking Wall Street’s rally.
- KOSPI reached a record high, joining Japan’s market surge.
- Oil rose $2.50 per barrel as Iran‑related talks remained in flux.
- Iran’s closure of the Strait of Hormuz halted Indian shipping, yet Asian markets kept climbing.
- Wall Street’s gains helped lift Asian indices, underscoring the global risk‑on mood.
Why it matters: Asian equity investors capture record gains, while Indian shipping firms face lost revenue as Iran blocks the Strait, and oil traders profit from a $2.50 per barrel price jump.
