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Tokyo record leads Asia stocks higher as Iran peace hopes grow

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Investors are increasingly hopeful the US and Iran can reach a deal to end the Middle East crisis

Investors are increasingly hopeful the US and Iran can reach a deal to end the Middle East crisis

Japanese stocks hit a record high as Asian equities extended the week's rally Thursday on heightened optimism the United States and Iran will extend their ceasefire for further talks to end their war and reopen the Strait of Hormuz.

The gains tracked Wall Street, which also saw all-time peaks as investors also cheered by healthy earnings that indicated the US economy remained resilient despite surging oil prices and rising inflation.

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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