Asian Technology Company Stocks Rise - US-Iran Peace Agreement Boosts Markets

Asia's technology sector and semiconductor manufacturing company stocks surged sharply on Monday after a temporary peace agreement reached between the United States and Iran improved investor sentiment.

In South Korea, Samsung Electronics and SK Hynix shares increased by 5% to 7%.

In Japan, the Nikkei 225 rose more than 5% and reached record levels. SoftBank Group particularly stood out among technology investors, with its shares climbing more than 10%, while Tokyo Electron's stock showed an 8% gain.

In Hong Kong, Semiconductor Manufacturing International Corporation shares rose 7%, while Hua Hong Semiconductor's stock increased by nearly 10%.

In Taiwan, Taiwan Semiconductor Manufacturing Company (TSMC) shares appreciated by 3%.

Markets' positive sentiment was supported by news that Washington and Tehran agreed on a framework agreement to end the conflict and reopen the Strait of Hormuz. As a result, Brent crude oil prices fell by approximately 4%, which reduced fears about sustained inflation and high interest rates.