Analyst: Thursday's market movements in Asia are reasonable

Glonghui, May 7 | Asian stocks soared to record highs on Thursday as traders remained optimistic about the prospect of a Middle East peace agreement, despite the unresolved situation in the Strait of Hormuz. Kyle Rodda, Senior Financial Analyst at Capital.com, said Thursday’s market moves were justified, as reaching a deal would be a significant breakthrough. “However, we've seen this before—the market can quickly be hit by unexpected changes. Ultimately, as long as negotiations continue to make progress, Asian markets will likely keep rising.”