Asian stocks rose broadly on Friday, with optimism around the resonant AI trade, strong earnings from Dell Technologies, and reports of a proposed 60-day ceasefire extension between the U.S. and Iran as well as possible easing of shipping restrictions through the Strait of Hormuz helping underpin regional sentiment.
The dollar treaded cautiously in Asian trade and gold held firm above $4,500 an ounce while Brent crude futures slipped below $92 a barrel on improved prospects for unrestricted Strait of Hormuz shipping.
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Market Analysis
Asian Shares Advance On US-Iran Deal Hopes
2026-05-29 08:39:20
