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

World shares surge and oil prices slip after Trump claims a breakthrough in Iran war talks

HONG KONG (AP) — Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war.

U.S. futures edged higher.

South Korea's Kospi jumped 7.8% to 8,370.82, narrowing losses from earlier this month from sell-offs of shares related to artificial intelligence. The Kospi has roughly doubled over the past six months, with a record closing high of 8.801.49 on June 2.

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