Asia-Pacific Stocks Open Higher After Dow Record
Asia-Pacific shares rose at the open, buoyed by Wall Street's rally and easing oil prices after President Trump cancelled a military strike and hinted at Iran negotiations.
Equities in the Asia-Pacific region advanced in early trading, mirroring overnight gains on Wall Street. The Dow Jones Industrial Average reached a record close as investors welcomed lower oil prices and declining bond yields.
Sentiment improved after President Trump said he called off a retaliatory strike against Iran and indicated a willingness to pursue diplomatic negotiations. The move eased geopolitical tensions that had previously pushed crude prices higher.
The combination of cheaper energy costs and sliding yields provided a tailwind for risk assets, prompting the positive start to the Asian session.
Source: First Squawk