Asian markets today: Nikkei, Kospi rise 3% amid signs of de-escalation in US-Iran war
Asian markets rose on Wednesday amid signs of de-escalation in the US-Iran conflict, with South Korea's KOSPI and Japan's Nikkei 225 gaining 3% and 2.88% respectively. The positive trend is expected to continue, with the GIFT Nifty pointing to a positive opening for Indian benchmark indices.
Asian markets traded higher on Wednesday, driven by optimism over a potential end to the US-Iran conflict. South Korea's KOSPI climbed 3%, while Japan's Nikkei 225 gained 2.88%. Australia's S&P/ASX 200 rose 2%, and Hong Kong's Hang Seng Index edged up 1.14%. The GIFT Nifty pointed to a positive opening for Indian benchmark indices. The market rally was sparked by comments from Donald Trump suggesting the possibility of negotiations between the US and Iran. Crude oil prices slipped below $100 per barrel, reflecting sustained market optimism. However, conflicting signals from Iran have limited the durability of this optimism.
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