Asian stocks rise after Trump hints at Iran war deal

Asian technology-heavy equities rallied sharply after Donald Trump hinted that a deal to end the Iran war could be imminent, boosting risk sentiment and easing concerns over energy supply disruptions. South Korea’s Kospi jumped 7.8%, Japan’s Nikkei 225 rose 3.8%, and Taiwan’s Taiex gained 2.4%, with chipmakers leading the move as investors continued to bet on AI infrastructure demand. The article also notes that Wall Street’s chip rally and strong gains in the Nasdaq and S&P 500 added to the positive tone. Oil prices fell on hopes that a preliminary agreement would reopen the Strait of Hormuz and reduce geopolitical risk. However, the piece highlights significant volatility in Korea, where market concentration in memory chips has intensified and trading curbs have been triggered repeatedly this year.