Markets Watch: Diplomatic Talks Drive Risk Appetite Amid Lingering Doubt
Renewed prospects for a deal to end the Iran conflict and reopen the Strait of Hormuz encouraged investors to take on more risk, sending stocks in Tokyo and Taipei to record highs while weighing down oil and the U.S. dollar. Skepticism persists after U.S. President Donald Trump urged caution, and market liquidity is thin with public holidays in the…