Asian Stocks Edge Higher on Iran Deal Hopes; S&P 500 Hits Record as Micron Tops $1 Trillion

SPX500-0.09%

Asian equity index futures were set to rise early Wednesday, May 26, as traders bet on expectations of a U.S.-Iran peace deal, even as military strikes in the Persian Gulf continued. Japan and mainland China futures moved higher, while those for Australia and Hong Kong remained flat.

The optimism rippled through global markets, with the S&P 500 reaching a record high. Chipmakers led the advance, with Micron Technology breaking through the $1 trillion market capitalization milestone.

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