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Asia stocks surge on AI-led rally, Iran peace hopes

Asian stocks surge on AI-led rally and Iran ceasefire hopes. Tokyo inflation slows to 1.3% in May.

Olivia Taylor
ByOlivia Taylor- Senior Editor
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Asian stock markets rose sharply on Friday, led by artificial intelligence-linked shares tracking Wall Street's record highs.

Reports that the U.S. and Iran were close to extending their ceasefire also boosted risk appetite.

Japan's Nikkei 225 jumped nearly 3% to a fresh all-time high of 66,449.48 points, while the TOPIX rose 2%.

South Korea's KOSPI surged 3.4% to new record levels of 8,458.25 points.

Hong Kong's Hang Seng index rose 1%, with the Hang Seng TECH sub-index climbing 1.7%.

Oil prices fell for a second straight session, with Brent crude heading for its steepest weekly decline in nearly two months.

In Japan, Tokyo core inflation slowed to 1.3% in May, remaining below the Bank of Japan's 2% target.

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Asia stocks surge on AI-led rally, Iran peace hopes | Bond.az