Ceasefire agreement boost Asian stock markets, potentially bringing the best single-week performance since 2022.

Asian stock markets are on the rise and are expected to achieve the largest single-week increase since November 2022. The reason is the ceasefire reached between the United States and Iran, which has eased market risk aversion and triggered a rebound. The MSCI Asia Pacific Index rose by 1% at one point, with a cumulative increase of 6% for the week. During Friday's trading session, chip companies such as TSMC and Samsung contributed significantly to this index's gains. Indonesia's benchmark stock index rose by 2%, leading the Asia-Pacific region, followed by South Korea, Taiwan, mainland China, and Vietnam. The rebound in the stock market this week indicates that risk appetite in Asian markets is gradually improving after suffering a significant decline in March due to concerns about war. However, there is still significant uncertainty regarding whether peace can be sustained and the future trends of oil prices.