Asian markets soared on Wednesday, with the MSCI Asia-Pacific index climbing 2.3% to a record high, driven by optimism surrounding a potential peace agreement between the United States and Iran. South Korea's Kospi index surged 5.1%, surpassing the 7,000 mark for the first time. This positive sentiment was fueled by US President Donald Trump's announcement of progress in negotiations, which eased fears of escalating conflict in the region. Consequently, Brent crude oil prices fell 1.2% to $108.51 per barrel. The US dollar index also dipped 0.1%, breaking a three-day winning streak. Notably, Samsung Electronics saw a 12% increase in its stock price, elevating its market value to over $1 trillion, while Advanced Micro Devices experienced a 16.5% surge in after-hours trading due to strong demand for its chips amid rising AI investments. Analysts noted that the current capex spending in the tech sector is driving significant growth in Asia, particularly in semiconductors and tech hardware.