Stocks staged a powerful rebound overnight as fresh geopolitical optimism lifted global sentiment. In the US, markets surged on reports suggesting a de-escalation in the Iran conflict, with investors hopeful that an end to hostilities could be within reach.

The Dow Jones Industrial Average jumped 1,125 points, or 2.5%, to close at 46,341. Meanwhile, the S&P 500 climbed 2.9% to 6,528, and the Nasdaq Composite rallied 3.8% to finish at 21,591, marking the strongest session for all three major indices since May last year.

The positive momentum carried into Asia, where markets broadly closed higher, with Singapore also ending firmly in the green.

On Market View, Sean Cheong speaks to Dan Chang, a trading representative from PhillipCapital, to break down the latest market movements.