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Asia Stocks Trend | Japanese stocks rise over 3% in early session, Korean stocks up more than 0.5%
The United States and Iran respectively signaled their willingness to end the ceasefire, and U.S. stocks rose for a second straight day, with the Nasdaq up more than 3%. Asian-Pacific markets followed suit this morning to open higher.
Japan’s stock market rose. After the Nikkei average opened up 895 points, the gain widened immediately, reclaiming the 53,000-point level. At its peak, it rose by 1,999 points, or 3.91%, reaching as high as 53,062. Latest, it was at 52,902, up 1,839 points, or 3.6%.
After a drop of more than 4% yesterday, South Korea’s stock market rebounded this morning. The South Korean Kospi index opened higher and kept rising, with a strong momentum. Latest, it was at 5,342 points, up 290 points, or 5.75%.
Taiwan’s stock market rose by more than 3%. The Taiwan Weighted Index was latest at 32,941 points, up 1,218 points, or 3.84%.
Australia’s stock market rose. The S&P/ASX 200 was latest at 8,825 points, up 141 points, or 1.63%.
U.S. President Trump said that he may end the military action against Iran within 2 to 3 weeks. He will deliver a nationwide address at 9:00 a.m. tomorrow Hong Kong time. Iranian President Masoud Pezeshkian said he is willing to end the war on the condition that it will no longer be subjected to attacks.