Asian stocks rebound as Middle East fears ease

Investing.com-- Most Asian stocks rose on Monday, rebounding from steep losses in the prior week amid growing bets that a conflict between Iran and Israel will not worsen, although sentiment still remained on edge.

U.S. stock index futures also rose in Asian trade, with Wall Street set for a rebound from sharp losses in the past week.indexes rose 0.4% and 0.3%, respectively. The two indexes were among the few Asian bourses to end positively last week, as the prospect of more supportive measures from Beijing buoyed sentiment towards local markets.unchanged at record-low levels on Monday, as it aimed to keep monetary conditions as loose as possible to support an economic recovery.

But Iran downplayed the impact of the attacks, and outlined no immediate plans to retaliate. This drove up hopes that a conflict between Iran and Israel will not spill over into a broader war in the Middle East. Asian markets were still nursing a weak start to the second quarter, and were now awaiting a slew of key U.S. cues this week.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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