Asian stock markets opened on a positive note, with MSCI’s Asia Pacific Index rising 0.4%. South Korea's stock market experienced a notable 2.4% increase, largely attributed to strong corporate earnings from technology companies. This optimism followed record highs in the US equity markets, particularly the S&P 500 and Nasdaq 100, which were buoyed by robust performances from major tech firms. Crude oil prices showed volatility, initially dropping to $105.55 a barrel before recovering to exceed $108. The US dollar weakened against most major currencies, while the Japanese yen strengthened to 156.94 per dollar following market interventions by Japan. President Donald Trump indicated that the US would guide non-conflict ships through the Strait of Hormuz, although tensions remain as Iran warned against US interference. Discussions between the US and Iran regarding a potential ceasefire have been described as positive, with Iran reviewing a US response to its proposal for ending the conflict, which includes demands for US troop withdrawal and sanctions relief.