Global Markets Steady Amid U.S.-Iran Ceasefire Tensions
Global markets are maintaining stability despite recent clashes between U.S. and Iranian forces in the Strait of Hormuz. The exchange of fire has raised concerns about the durability of the ceasefire, yet both sides have indicated that the ceasefire remains intact. Oil prices have risen to approximately $101 per barrel due to ongoing supply concerns. In Asia, markets have shown resilience, with South Korea's KOSPI index experiencing significant gains driven by strong performances in AI-related stocks. Meanwhile, Toyota has forecasted a 20% decline in annual operating profit, attributing the downturn to cost and supply uncertainties linked to the Iran conflict. 
