Asian equities rise following a rally on Wall Street overnight as the United States (US)–Iran ceasefire triggered a sharp drop in oil prices, easing concerns over renewed inflation and further rate hikes by the central banks.

At the time of writing, Japan’s Nikkei 225 is trading 1.85% higher near 56,900, while Hong Kong’s Hang Seng Index is up over 0.64% to near 25,900, China’s SSE Composite Index gains 0.77% to near 4,000, and South Korea’s Kospi gains 1.55% to near 5,870.

? KEY STATISTICS