After news of the U.S.-Iran memorandum signing, Asian markets including Japan and Korea set record highs, the United Daily News reported, as easing geopolitical risk lifted appetite for risk assets.

Hopes that lower war risk would steady energy prices and logistics and improve earnings outlooks pushed stocks up, with foreign inflows and large exporters leading the gains.

Near record highs, however, profit-taking and volatility also grow. Caution holds that if implementation lags or verification falters, risk appetite could reverse quickly.

This paper weighs the positives against the risks. A rising market lifts asset values but moves with FX and rates, so for Chinese readers, diversification and timing matter more than short-term moves.