Japan'S Stock Market Surges Over 5% In Initial Reaction To US-Iran Ceasefire

The risk-on trade is firing globally. Japan's Nikkei just ripped more than 5% as markets absorb Trump's announcement of a two-week ceasefire with Iran, conditional on the reopening of the Strait of Hormuz. This is the relief trade the world has been waiting 38 days for.
Oil is dropping. Stocks are surging. Crypto is moving. The Strait carrying 20% of global oil and gas may be about to reopen.
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