Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after U.S. President Donald Trump claimed there was a breakthrough in talks to end the Iran war. This was reported by Qazaqyia.kz citing Associated Press.
South Korea's Kospi jumped 7.8% to 8,370.82, narrowing losses from earlier this month from sell-offs of shares related to artificial intelligence. The Kospi has roughly doubled over the past six months, with a record closing high of 8,801.49 on June 2.
Samsung Electronics, South Korea's most valuable company, advanced 11.2%. Computer chipmaker SK Hynix rose 7.2%.
Tokyo's Nikkei 225 gained 3.5% to 66,442.95, also led by gains for technology stocks. SoftBank Group, a multinational investment holding company with a strong AI focus, was up 2%. Chip equipment maker Tokyo Electron jumped 10.3%.
Hong Kong's Hang Seng gained 1.8% to 24,689.32 and the Shanghai Composite index rose 1.6% to 4,050.51.
In Australia, the S&P/ASX 200 traded 1.9% higher to 8,798.10.
Taiwan's Taiex gained 2.6%, while India's Sensex advanced 1.2%.
The renewed investor optimism came after Trump said Thursday he had called off military strikes against Iran. He asserted that the U.S. had made "a great settlement of the war."