Asian markets are a sea of green on Thursday, following the broadly positive cues from Wall Street overnight, with the Japanese markets surging in post-holiday trading, amid optimism over a potential U.S.-Iran peace deal and the related easing of crude oil prices and concerns about global inflationary pressures. The two sides are nearing a one-page, 14-point memorandum of understanding to end the war, while establishing a framework for more detailed nuclear talks. Asian markets closed mostly higher on Wednesday.
Tehran said it was reviewing the latest peace proposal and exchanging diplomatic messages via mediator Pakistan.
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