Asian stocks are anticipated to open higher on Friday, following a peace deal between the US and Iran. This agreement has fueled optimism that the reopening of the Strait of Hormuz will alleviate inflation pressures by restoring oil flows. Futures for equity indices in Japan and South Korea indicated gains, while Australian contracts edged lower.
US stock futures also saw slight increases after a strong performance on Thursday, where the S&P 500 climbed 1.1% and the Nasdaq 100 gained 2.5%. Semiconductor stocks, in particular, reached a record high, spearheaded by Intel Corporation. This surge occurred after President Donald Trump announced that Intel would collaborate with Apple Inc. to design and manufacture semiconductors within the United States.
