Despite ongoing tensions in the Strait of Hormuz, Asian equities are experiencing a boost as investors weigh the implications of the fragile ceasefire between the US and Iran. Key market indices in Japan, South Korea, China, and Hong Kong are currently trending upward, while Australia’s ASX 200 has slipped by more than half a percent. The upward trajectory of oil prices remains a pressing concern, driven by worries over the potential for continued disruptions in the Strait of Hormuz and the uncertain stability of the ceasefire.
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