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Key Takeaways: Pakistan brokered a April 8 U.S.-Iran ceasefire, pausing the conflict after Israel hit Iranian rail infrastructure. Global markets surged as Brent crude fell 13% to $94.50 and South Korea’s Kospi index jumped 7%. MST Financial warns the 2-week truce is a tactical pause and permanent settlement is needed for stability. European Indices Rebound Amid Easing Tensions Asian and European equities surged Wednesday as markets breathed a sigh of relief after the U.S. and Iran agreed to a ceasefire brokered by Pakistan. Leading the charge in Asia was South Korea’s Kospi index, which jumped 377 points to 5,872—an approximately 7% gain—while Japan’s Nikkei 225 rose 5.4%. The risk-on sentiment triggered by the cessation of hostilities extended to the Hang Seng and the Shanghai Composite, which climbed 3.1% and 2.7%, respectively. In Europe, the DAX index spearheaded the regional rally, surging 4.4% in a bullish opening session as industrial and automotive stocks—highly sensitive to energy costs—rebounded sharply. France’s CAC 40 followed closely with a 3.85% gain, buoyed by a recovery in luxury and aerospace sectors. The FTSE 100 index also climbed 2.39% in morning trading, staging a recovery from Tuesday’s sell-off. The previous session’s decline had been exacerbated by heightened geopolitical anxiety following President Donald Trump’s threat to destroy Iranian power plants which sent shockwaves through global energy markets and caused risk premiums to soar. While the risk of the conflict entering a more dangerous phase had escalated following Israeli strikes on Iranian rail infrastructure, a last-ditch plea from the Pakistani prime minister to Trump ultimately secured the truce. As part of the agreement, Iran will allow shipping through the Strait of Hormuz to resume and will reportedly continue to levy toll fees on vessels traversing the channel. Despite lingering confusion regarding other terms of the accord, the cessation of…

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Filed under: News - @ April 8, 2026 10:27 am