Markets Surge as Oil Prices Crash, Asia Rallies on Hopes of Lasting Peace
Global markets rallied sharply as easing geopolitical tensions sparked a wave of optimism among investors. Oil prices tumbled, reducing concerns over energy supply disruptions and inflation, while Asian stock markets posted strong gains. Japan's Nikkei jumped 3%, South Korea's benchmark index surged more than 4%, and investors returned to riskier assets. The U.S. dollar weakened as confidence improved, signaling hopes that a calmer geopolitical environment could support global economic growth and market stability.
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