
Earnings Season, Tehran Proposal Lift Asian Stock Markets

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Asian stock markets saw gains on Monday, driven by strong tech performance and reports of Tehran's proposal to reopen the Strait of Hormuz. The Nikkei 225 reached a record high, closing above 60,000 for the first time, while the Shanghai Composite rose slightly. Industrial profits in China increased by 15.8% year-on-year in March. Other regional markets showed mixed results, with the KOSPI and TWSE rising, while the ASX 200 and Straits Times Index fell. The MSCI All Country Asia Pacific Index rose by 1.2%.
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