ASX 200 may hit record highs if US-Iran peace deal comes to fruition

Fund managers say an official peace deal between the United States and Iran will trigger a surge in global equities that will help return the Australian sharemarket to record levels.

While the S&P/ASX 200 Index has climbed for the past two days, bolstered by optimism that Washington and Tehran are looking to end the conflict, the gauge is up just 1.7 per cent this year, compared to double digits in the US and across Asia.

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