[MARKET UPDATE] Nikkei 225 gains by over 4% as its returns from its extended holiday as Iran war optimism and tech gains support the index

The Nikkei 225's significant gain of over 4% can be attributed to renewed optimism surrounding the situation in Iran, along with positive momentum in the tech sector.

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PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS: E.Sun reports strong Q1 earnings, UOB beat net income estimates

PBoC is expected to set USD/CNY mid-point at 6.8087 (prev. 6.8562)

[MARKET UPDATE] Nikkei 225 gains by over 4% as its returns from its extended holiday as Iran war optimism and tech gains support the index

Japan's Top FX Diplomat Mimura does not comment on FX intervention but says FX is being closely watched and are in daily contact with US authorities

[MARKET UPDATE] Asia-Pac bourses open higher (ASX 200 +1.0%, Nikkei +1.2%, KOSPI +1.6%); US equity futures hold onto its mild losses; FX, WTI and Fixed Income trades in tight ranges

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This reaction suggests that markets are responding favorably to geopolitical developments, potentially viewing them as stabilizing or favorable, which could drive further investment into equities as risk appetite increases.

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