FX.co ★ Asian Stocks Jump on Peace Hopes

Asian equity markets climbed on Wednesday as oil prices eased amid rising expectations of a ceasefire in the Middle East. The United States was reported to be stepping up diplomatic efforts to end the conflict with Iran, though investor skepticism persisted after Tehran denied holding any talks with Washington. Shares in Australia, Japan, and South Korea each advanced more than 2%, while equities in China and Hong Kong gained roughly 1%.