Investors Bet ‘Peak Uncertainty’ Has Passed as Asia Stocks Climb

Asian stocks rose Monday as investors looked past renewed Middle East tensions over the weekend, shifting focus back to fundamentals and the prospect of further talks.

The MSCI Asia Pacific Index rose as much as 0.8%, while the MSCI Emerging Markets Index erased all of its losses during the now almost two-month war in Iran. US futures pared earlier losses of as much as 1.1%. Oil and the dollar have also retreated from session highs.