Asian shares rose on Monday as optimism grew over potential de-escalation in the Iran situation, despite most regional markets being closed for holidays. The energy and defense sectors were notably impacted by the geopolitical developments.
- Asian shares rose on Monday amid hopes for a 45-day truce in the Iran conflict.
- Most regional markets were closed for holidays, including Easter and Qingming Festival.
- U.S. President Donald Trump warned of military action if Iran does not open a vital waterway by Tuesday.
- OPEC+ plans to increase oil output by 206,000 barrels per day in May to address supply shortfalls.
- Japanese markets closed higher, with the Nikkei up 0.55 percent and tech stocks performing well.
- South Korea's Kospi surged 1.36 percent, driven by strong U.S. jobs data and positive conflict resolution sentiment.
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