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AAP
AAP
Business
CHAN HO-HIM (AP Business Writer)

Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility

HONG KONG (AP) — Stock markets in Japan and South Korea hit fresh record highs Monday on enthusiasm over the artificial intelligence boom and as investors await a decision on the Iran war ceasefire extension.

Oil prices gained more than 2% as U.S.-Iran negotiations continued, including on the reopening of the Strait of Hormuz, a key waterway for global oil and natural gas transit.

U.S. futures edged higher.

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