On Thursday, Japan's Nikkei 225 is anticipated to rise, with futures indicating a move to 71,480, up from a previous close of 69,174.97. In contrast, Hong Kong's Hang Seng index futures are lower at 23,322, compared to the last close of 23,412.18. Australia's S&P/ASX 200 futures are stable at 8,810, aligning closely with the index's recent close of 8,808.40.
Additionally, easing tensions in the Middle East are contributing to market sentiment, as reports indicate that at least 20 oil tankers carrying 35 million barrels have successfully exited the Strait of Hormuz following an agreement between Iran and the U.S.
Energy Secretary Chris Wright emphasized that Iran will no longer have the capability to close this vital waterway, which could have significant implications for global oil supply and prices