Asian shares shrug off US retreat after initial signing of US-Iran deal on ending the war

Asian shares rose sharply, with Japan and South Korea hitting records, after the U.S. and Iran signed an initial deal to end hostilities. The agreement allows Iran to sell oil freely and initiates a 60-day negotiation period for a final nuclear deal. U.S. markets fell earlier due to Fed rate hike speculation, but Asian stocks gained amid optimism over war-ending progress.