Forex
Asian Stocks Rise on Lower Oil Prices After Iran Conflict Pause
Asian stock markets rose on Monday as lower oil prices eased inflation concerns following a pause in military action between the United States and Iran.
The Brent crude price dropped below $90 a barrel before recovering some of its decline, supporting equities and government bonds while weakening demand for the US dollar.
The broader MSCI Asia-Pacific equity index rose 0.4% as market sentiment improved, with Japan's Topix gaining 0.6% and Australia's S&P/ASX 200 advancing 0.9%.