Asia stocks surge to records as US-Iran peace framework lifts risk sentiment

Asian equities climbed after a U.S.–Iran peace framework boosted risk appetite: the Nikkei 225 and KOSPI hit records on AI and chip-related strength, while Hong Kong lagged on internet-stock losses amid Beijing’s cross-border investment crackdown; sentiment was supported by firmer US stock futures (S&P 500 futures up around 0.9%), though investors remained mindful of potential Fed rate hikes. China was mixed (CSI 300 up slightly, Shanghai Composite down), and India benefited from falling oil prices that improved the growth outlook.