Nikkei Hits Record as Asia-Pacific Markets Rally Amid Iran Tensions

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Source: CNBC
Nikkei Hits Record as Asia-Pacific Markets Rally Amid Iran Tensions
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TL;DR Summary

Asian stocks rose as Japan’s Nikkei 225 hit a record while markets weighed ongoing U.S.–Iran tensions over the Strait of Hormuz. Oil climbed (WTI around $94.8–95 and Brent near $97), China edged higher, Hong Kong fell, and Australia’s ASX 200 gained on GDP data (2.5% YoY). South Korea was closed for a holiday. U.S. futures were broadly flat after a mixed prior session in which the S&P 500 and Dow posted gains.

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