Vanguard FTSE Asia ex Japan Shares Index ETF is trading 3.3% up today following a tentative 60-day U.S.–Iran peace agreement and the reopening of the Strait of Hormuz, which triggered a sharp fall in oil prices.
- The de-escalation in the Middle East has eased global inflation worries and improved risk sentiment across the region, particularly benefiting energy-sensitive and export-oriented Asian markets.
- The move is broad-based and macro-driven, with the ETF tracking strong rebounds in major benchmarks such as South Korea’s Kospi as lower input costs support global trade outlooks.