Nikkei Average hits record high led by sustained rise in tech stocks

Asian equities were mixed on Wednesday with gains driven by soaring tech stocks and guarded optimism the United States and Iran will reach a peace deal.

(Bloomberg) -- Asian equities advanced and oil dropped after the US and Iran reached a tentative deal to extend their ceasefire.

Markets in Japan and South Korea have hit fresh records as Asian shares advanced on expectations the U.S. and Iran will agree to extend the ceasefire in their war by 60 days.

Nikkei Average hits record high led by sustained rise in tech stocks

Optimism over the conclusion of the war in Iran brought both currencies to record highs, as inflation in Japan grew slower than expected.

Oil prices have gained and stock markets in Japan and South Korea have hit fresh record highs on enthusiasm over the artificial intelligence boom, as investors await a decision on…