Julius Baer: The US-Iran agreement is positively impacting Asian stock markets.

According to a report by Julius Baer analyst Richard Tang, the US-Iran peace agreement is highly beneficial to Asian stock markets. Since most Asian economies are net oil importers, the reopening of the Strait of Hormuz will be a significant positive. Tang added that if a potential drop in oil prices leads to fewer interest rate hikes, this event could boost AI stocks and the broader technology sector. Asian markets with a high proportion of tech stocks, including South Korea and Japan, saw significant gains in early trading on Monday. Meanwhile, Tang stated that the Indian market may rebound as market concerns about oil prices may ease, coupled with the gradual improvement of other driving factors.