Asian stocks advanced at the end of a volatile week, with the MSCI Asia Pacific Index rising by 1%. This uptick followed a slight recovery in the S&P 500 Index, which closed 0.1% higher after reversing a loss of 1.5%. The positive sentiment was largely driven by easing oil prices, particularly after a report indicated that Iran is working with Oman to monitor traffic through the Strait of Hormuz, which had been effectively shut down since the onset of the conflict. South Korea's Kospi led the regional gains with a 3.5% jump, while Japan's Nikkei 225 rose by 1.1%. However, China's CSI 300 Index experienced a 0.4% decline. Despite these gains, analysts caution that market volatility may persist due to ongoing geopolitical tensions and mixed signals from the US labor market, where job-cut announcements rose by 25% in March compared to February. Investors remain wary ahead of upcoming economic data releases, particularly concerning US payrolls.