The press reports that U.S. and Iranian officials have said they have agreed on a deal to end the war and reopen the Strait of Hormuz. If the deal is signed this Friday, Asian economies and markets should be among the largest beneficiaries. As such, the Nikkei is up 5.4%, Kospi has rallied 5.8%, and the Jakarta Composite is up 4.4% as we write while the PHP and IDR have jumped 1.3% and 0.9% respectively vs. the USD.

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Vis Nayar

Vis Nayar is the Chief Investment Officer and a member of the Executive Management Committee at Eastspring Investments. Vis spearheads Eastspring’s investment platform encompassing equities, fixed income, multi asset and quantitative solutions, and oversees investment offerings across markets.

Information provided is general information and is for educational purposes only, and does not include, or constitute as, financial product advice.