Asian stock markets advanced on Wednesday, with the Nikkei 225 and Hang Seng Index leading a broad regional rally as investors digested a wave of positive sentiment.
The gains, however, were overshadowed by a singular focus on the United States, where markets are positioning ahead of the Federal Reserve's upcoming policy meeting and the debut of its new chairman, Paul Warsh.
The Nikkei 225 climbed to a new record high, extending a surge that began on Monday when the index jumped more than 5% following reports of a diplomatic breakthrough between the United States and Iran.
The Nikkei 225 climbed to a new record high, extending a surge that began on Monday when the index jumped more than 5% following reports of a diplomatic breakthrough between the United States and Iran.
The Hang Seng also posted solid gains, reflecting a wider appetite for risk across Asian equities.
Oil prices remained a key variable, with traders monitoring the potential impact of the US-Iran agreement on global supply chains.
While the regional rally is robust, the dominant narrative is shifting toward Washington.