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Australian shares edged higher as renewed U.S.-Iran peace talks offered optimism, though oil supply worries persisted due to the Strait of Hormuz closure. Miners and gold stocks reached one-month highs, while the energy sub-index declined. Virgin Australia saw a significant jump following its forecast adjustments.
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South Korean shares climbed to their highest close since February as optimism over renewed US-Iran talks boosted global risk sentiment and lifted investor confidence.
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Auraska Ventures has launched its first fund, the Rs 500 crore Auraska Opportunities Fund, to invest in India’s growing “orange economy.” The Category II AIF will back 10–15 early- to growth-stage companies across sectors like consumer, media, sports, gaming, fashion, and IP-led businesses.
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Wipro is expected to report steady revenue growth but weaker profitability in the March quarter, impacted by wage hikes, acquisition-related costs and subdued discretionary spending. Sequential growth remains muted despite acquisition support, while BFSI shows resilience, and healthcare remains weak. Investors will closely track margins, deal pipeline and AI outlook.
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Pakistan’s stock markets surged for a second consecutive session, with the KSE-100 index gaining significantly amid hopes of renewed US-Iran peace talks. Hopes for a resolution to the conflict, potentially restoring oil flows, have boosted investor confidence. This follows a period of high volatility, with the market showing sharp returns during phases of macro stabilization linked to IMF support.
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