Asian markets traded higher on Friday as investor sentiment improved on hopes of progress in US-Iran peace talks, although rising oil prices and continued uncertainty over the Strait of Hormuz kept inflation concerns in focus.

Asian markets are up for a second day. US stock futures are also higher. Optimism about US-Iran talks is boosting sentiment. However, oil prices are climbing again. This is…

Asian markets rose Friday as optimism over US-Iran talks buoyed equities, though higher oil prices kept inflation concerns in focus.