US EditionSouth Korea stocks lead Asia rally as oil slumps on Iran war de-escalation signals
South Korea's Kospi surged 3.5% following U.S. President Trump's announcement to delay Iran strikes, causing oil prices to fall and global stock markets to rally.
- On Tuesday, South Korea's Kospi surged 3.5% and the Kosdaq rose 3.29%, leading Asian markets higher.
- In a Truth Social post Monday, Trump said he instructed the U.S. military to delay strikes on Iran's energy facilities for five days, signaling de‑escalation.
- Overnight in the U.S., stocks rallied Monday, with the Dow Jones Industrial Average jumping 631 points, the S&P 500 rising 1.15%, and the Nasdaq Composite gaining 1.38%; Dow futures briefly surged more than 1,000 points.
- Oil prices tumbled on Monday following Trump's comments, then crude was largely stable in early Asia trading while U.S. West Texas Intermediate was about 1.5% higher at $89.5 per barrel.
- Iranian state media disputed Trump's account, citing an unnamed senior security official, but oil markets tumbled and futures surged more than 1,000 points amid sharp volatility.
6 Articles
6 Articles
Seoul stocks up late Wednesday morning amid talks to end war in Middle East
Korean stocks traded markedly higher late Wednesday morning, driven by gains in big-cap tech shares, as investors cautiously pinned hopes for progress in negotiations between the United States and Iran to end the ongoing conflict. The benchmark Korea Composite Stock Price Index (KOSPI) rose 126.14 points, or 2.27 percent, to 5,680.06 as of 11:20 a.m. The index opened sharply higher and maintained its upward momentum on strong buying by instituti…
Asian stocks rebound on hopes of easing Iran tensions
Asian stocks opened higher on Tuesday, as investors bet on a potential easing of military tensions in the Middle East following comments by US President Donald Trump about possible talks with Iran. In South Korea, the benchmark Korea Composite Stock Price Index (KOSPI) rose sharply in early trading, gaining 196.33 points, or 3.63 percent, to reach 5,602.08 within the first 15 minutes. The market had rebounded after a steep fall of more than 6 pe…
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