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Tehran intending to keep its enriched uranium stockpile within the country, according to a Reuters report, could complicate negotiations with Washington, as President Donald Trump has made dismantling Iran’s nuclear program a central objective of his military action against Tehran.
Japan’s Nikkei 225 rose 1.36%, while the Topix added 0.55%. Japan’s core inflation eased more than expected in April to its lowest level since March 2022, weakening the case for an early rate hike by the Bank of Japan.
Core inflation — which strips out prices of fresh food — came in at 1.4%, lower than the 1.7% expected by economists polled by Reuters and below the 1.8% reading in March.
South Korea’s Kospi was up 0.52%, while the Kosdaq Index jumped over 3%. Australia’s S&P/ASX 200 was up 0.5%.
Hong Kong’s Hang Seng index rose 0.66%, while mainland China’s CSI 300 added 0.78%.
Oil prices rose after declining in the previous session. July futures for international benchmark, Brent crude, gained 1.9% to $104.52 a barrel in early Asia trading, while U.S. West Texas Intermediate futures for June advanced 1.5% at $97.81 per barrel.
— CNBC’s Sean Conlon and Alex Harring contributed to this report
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