Asian and European Equities Surge as Oil Prices Plunge 13%
By Terence Zimwara
Asian and European equities surged on Wednesday following a Pakistan-brokered ceasefire between the U.S. and Iran on April 8, after Israel struck Iranian rail infrastructure. Brent crude oil prices plunged 13% to $94.50, fueling a risk-on rally in global markets. South Korea’s Kospi index jumped 7% amid the positive sentiment.
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