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The Economic Times
The Economic Times
Business

Global Market Today: Asian stocks advance on Hormuz deal hopes

Asian stocks tracked Wall Street higher as optimism over a possible interim deal between Washington and Tehran eased concerns about energy supplies and lifted US stocks to fresh records.

Equity-index futures for Australia, Japan and South Korea all pointed to gains after the S&P 500 climbed to an all-time high Tuesday. While the Nasdaq 100 surged 3.3%, contracts for the benchmark edged lower in early Asian trading after SpaceX reported higher-than-expected spending on its artificial intelligence business, while Advanced Micro Devices Inc.’s outlook failed to excite investors.

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