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Optimism fades, Asian stocks retrace gains.
Asian markets opened very strong and active, especially Japan and South Korea. But now, some Asian markets have given back some of their gains. All of this points to the typical volatility triggered by the Iran war. Initially, especially on Wednesday, we saw many investors optimistic about the conflict -- the ceasefire was maintained, and there seemed to be a strong will to end the war. Investors tend to make decisions based on what will happen in the future, so we saw those stock markets rise to record highs. Now, especially as these attacks continue, there is still no plan for peace talks, and no clear path to truly end this conflict -- some caution has returned, so we see these stock markets falling back to lower levels. (Jin Shi) (Source: ODAILY)