Australian shares rise as global markets respond to signs of possible de-escalation in the Iran conflict

Why did Australian shares rise?

Multiple market reports said investors reacted to signs that the U.S.-led conflict involving Iran might ease after Trump said the campaign could end within two to three weeks, helping lift risk appetite after earlier war-related losses Daily Mail,Sydney Morning Hera…,Globe and Mail.

Was the rally limited to Australia?

No. Reports said Wall Street rallied first, Singapore stocks rose 1.8% on Wednesday, and Indian markets were seen rebounding or opened sharply higher as hopes of de-escalation spread across global markets Business Times,NDTV,Globe and Mail.

Does the market move mean the Iran conflict is over?

No. Several reports said the conflict was still continuing and that signals on de-escalation were mixed, even as investors welcomed the fact that talks or possible timelines for an end were being discussed News18,Business Times,Globe and Mail.