Mumbai: Asian markets were trading higher on Tuesday morning, supported by a decline in energy prices amid easing tensions between the United States and Iran. Japan’s Nikkei 225 and South Korea’s Kospi both recorded gains of over one percent.
U.S. equity indices also ended the previous session on a strong note, as expectations grew of reduced geopolitical tensions in the Middle East. The Dow Jones Industrial Average and the S&P 500 closed higher by 1.38 percent and 1.15 percent, respectively, while the Nasdaq Index advanced by 1.4 percent.
Brent crude oil remained firm during the Asian session, hovering around $100 per barrel. Mixed signals persisted regarding the easing of tensions between the United States and Iran. Meanwhile, the June futures contract rose by 4.32 percent to trade at $99.9 per barrel.
