Satrix Nasdaq 100 ETF is trading 3% up at ZAc 28 182 as a tentative U.S.-Iran peace agreement and reopening plans for the Strait of Hormuz spark a sharp rebound in technology assets.
- The rally is supported by a broad risk-on shift and reduced geopolitical risk, which are pushing global growth stocks higher.
- Lower oil prices are providing additional tailwinds for the Nasdaq 100, which the ETF continues to track closely during this upward move.