MSCI Asia Pacific ex-Japan rose 2.3% to an all-time high, while Seoul's Kospi jumped 5.1% and Samsung surged 12% past a $1 trillion valuation.
Sentiment improved after Donald Trump said there was great progress towards a final agreement with Tehran and would briefly pause a U.S. ship-escort operation in the Strait of Hormuz.
Brent crude fell 1.2% to $108.51, the dollar eased and Wall Street records plus strong AI demand, including AMD's upbeat revenue forecast, reinforced the regional rally.
With physical oil prices nearing $150, is Wall Street's rally ignoring a far more severe, real-world energy crisis?
The US paused its ship escort mission after only two days. Is this a genuine diplomatic breakthrough or an unwinnable military reality?