Asian stocks rebounded on easing Middle East tensions and a recovery in artificial intelligence shares. South Korea's KOSPI led the gains while Wall Street also advanced.
Markets in Asia climbed as investors welcomed signs of reduced tensions between Iran and Israel. The rebound extended to technology stocks, with chipmakers such as Nvidia posting gains on Wall Street. Investors shifted back toward risk assets, showing renewed confidence in the bull market. This occurred even as concerns over inflation and potential Federal Reserve rate moves persisted. The MSCI Asia Pacific Index and Japan's Nikkei both moved higher amid the improved sentiment.
