Trump Hints at Progress in US-Iran Negotiations, Japan and South Korea Stock Markets Rise Over 3%, Gold and Silver Rebound, Oil Prices Extend Losses

Wednesday, influenced by Trump’s signals of US-Iran negotiations, geopolitical risk premiums declined, global risk assets generally rebounded, Asia-Pacific stocks strengthened, precious metals rebounded, and crude oil prices fell sharply due to expectations of de-escalation of the conflict.

According to CCTV News, on March 24 local time, U.S. President Trump stated that the U.S. is communicating with the “right people,” and Iran “hopes to reach an agreement”; he also said that Iran “no longer has a leadership,” and claimed that the U.S. has achieved “great success” on Iran issues.

Major markets in Asia-Pacific all rose, with the MSCI Asia-Pacific Index up 1.1%.

The Nikkei 225 index rose by 3% intraday, and the Topix index increased by 2.4%;

The Seoul Composite Index rose by 3.1% intraday, and the Australian S&P/ASX 200 index gained over 1.4% in early trading.

European and U.S. stock index futures also rose, with European futures up, the Euro Stoxx 50 index up 1.4%, and the German DAX index up 1.3%. S&P 500 futures increased by 0.7%, Nasdaq 100 futures by 0.8%, and Dow Jones futures by 0.7%.

Precious metals rebounded, with spot gold rising nearly 2%, at $4,561.45 per ounce. Spot silver increased over 3% intraday, at $73.74 per ounce.

Crude oil prices continued to decline, with Brent crude futures falling to $95.89 per barrel.

Updates ongoing

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