ASIA MARKETS REBOUND – Oil dives as Trump says Iran war could end soon
Asian stocks rallied, and oil prices plunged at the start of trading today, following a volatile session for markets overnight after U.S. President Donald Trump declared the Middle East war could be “over soon.”
Japan’s benchmark Nikkei Index climbed 1.51% at opening, recouping some losses after a 5.2% plunge the day before.
In South Korea, the benchmark Korea Composite Stock Price Index (KOSPI) opened up 5.17%. Hong Kong’s benchmark Hang Seng Index rose 1.31% opening, and the Shanghai Composite Index was up 0.05%.
Taiwan stocks surged, hitting an intraday high of 33,199 points, jumping more than 1,000 points to reclaim the 33,000-point level today.
