By ifeoma Onyekachi

Asian equity markets extended their rally on Wednesday, buoyed by easing energy prices and renewed optimism over a possible de-escalation in tensions involving Iran.

Major indices across the region posted gains in early trading, with South Korea’s KOSPI leading the advance, climbing as much as 3 percent by mid-session. In Japan, the Nikkei 225 recorded a 0.8 percent increase, while Hong Kong’s Hang Seng Index rose करीब 1 percent shortly after the opening bell.

On the Chinese mainland, the CSI 300 index, which tracks large-cap stocks, edged up by 0.3 percent. Meanwhile, Australia’s S&P/ASX 200 also moved higher, gaining 0.2 percent by midday trading.

Market sentiment was lifted following remarks by Donald Trump, who suggested in a recent interview that the ongoing Iran conflict could be nearing its conclusion. He also hinted at the possibility of renewed diplomatic engagements in the coming days, fueling investor confidence.

In the commodities market, oil prices continued their downward trajectory, offering further support to equities. Brent crude futures for June delivery slipped below the key 100-dollar threshold, trading at approximately 94.50 dollars per barrel.