Asian markets today: Japan's Nikkei surges over 4% to hit 62,000 for first time on US-Iran peace deal hopes

Japan's Nikkei index surged over 4%, reaching 62,000 for the first time, driven by optimism surrounding a potential US-Iran peace deal. This rally reflects increased risk appetite among investors, as peace prospects could stabilize geopolitical tensions and enhance economic prospects in the region. The Japanese equity market is particularly exposed due to its sensitivity to global trade dynamics and regional stability. Traders will be closely watching upcoming diplomatic developments and any official announcements regarding negotiations between the US and Iran, which could further influence market sentiment and capital flows.

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