Asian shares shrug off US retreat after initial signing of US-Iran deal on ending the war

Asian shares shrug off Wall St blues following signing of US-Iran deal on ending the war

U.S. and Iran signed a deal ending the war; Asian shares rallied (Nikkei +1.9%, South Korea +1.6%), with oil prices falling 2.3% to $77.72. De-escalation reduces inflation pressure and eases Fed rate-hike expectations, favoring semiconductor and AI-stock valuations.