On Friday, Japan's Nikkei 225 rose by 0.88%, and South Korea's Kospi surged 2.68%, reflecting a positive market sentiment despite recent military actions from Iran. Reports indicated that Iran's military launched missiles and deployed drones, escalating tensions in the region.
However, a White House official noted that the U.S. and Iran had largely agreed on terms for a temporary halt to their ongoing conflict, which may have contributed to the market's upward movement.
In the U.S., futures were stable after the S&P 500 and Nasdaq Composite reached new closing records, driven by a strong performance in the technology sector, particularly following Snowflake's impressive earnings report and its commitment to invest $6 billion in Amazon Web Services over the next five years.
This combination of geopolitical developments and positive corporate earnings is shaping investor sentiment across the Asia-Pacific region