Japan's Nikkei 225 breached 68,000, rising 3.05% intraday.

Iran's Supreme National Security Council said it will, effective tonight, immediately and permanently cease all combat and military operations, including in Lebanon.

After reports that the US and Iran reached an agreement to end the war, the cost of insuring euro-denominated credit fell to near four-month lows. S&P GLOBAL MARKET INTELLIGENCE showed the iTraxx Europe Crossover index slid 5bps to 248bps, its lowest since Feb 20; ActivTrades' Frank Sohlleder said investors were upbeat because the accord is expected to immediately normalize traffic through the Strait of Hormuz and sharply reduce prices in an already competitive energy market.