Japanese stocks and the yen surged on Wednesday as investors cheered the temporary ceasefire between the United States and Iran. The USD/JPY pair fell to 158.45, its lowest level since March 24, while the blue-chip Nikkei 225 Index jumped by over 5% to ¥56,000.Japanese yen and stocks to benefit from…
South Korea’s SK Hynix climbed on Wednesday after Samsung Electronics flagged a stronger-than-expected first-quarter profit. The figure reinforced investor optimism that artificial intelligence spending will continue to support demand for memory chips even as supply remains tight.Shares of SK Hynix, South Korea’s No. 2 memory chipmaker, rose as much as…