South Korea's Kospi Hits Record High as US-Iran Peace Hopes Rise

South Korea's Kospi index hit a record high today following President Trump's announcement of an indefinite extension to the Iran ceasefire, significantly boosting long-term peace prospects. In Japan, the Nikkei 225 surged to a fresh record high, driven by robust domestic trade data that further energized regional sentiment. However, despite the diplomatic progress, the Strait of Hormuz remains closed, a factor that is keeping oil prices elevated despite the broader de-escalation. Investors are weighing the positive impact of the indefinite truce against the ongoing logistical disruptions in key energy corridors. While the White House continues to refine its strategic approach, the market's 'peace trade' remains dominant. The focus now shifts to whether this indefinite extension will lead to a permanent reopening of vital shipping routes.