Asia stocks: Nikkei, KOSPI rise over 1% on report of Iran ceasefire talks
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Japanese and South Korean stock markets rose over 1% on Monday amid reports of U.S.-Iran ceasefire talks. The Nikkei 225 climbed 1.4%, and the KOSPI advanced 1.1%, while trading volumes were low due to holidays in Hong Kong, China, and Australia. U.S. stock futures remained stable as investors reacted to the potential 45-day ceasefire discussions. However, President Trump set a deadline for Iran to reopen the Strait of Hormuz, warning of possible attacks on infrastructure. Oil prices increased, raising concerns about import costs for Asian economies reliant on energy imports.
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