Asian shares mostly rebound after Trump hints at a possible end to the Iran war
Asian shares have mostly rebounded after President Donald Trump hinted at a possible end to the Iran war, with Japan's Nikkei 225 adding 1.1% in morning trading. The rebound echoes cautious relief on Wall Street, where the S&P 500 rose 74.52 points to 6,581.00, following Trump's announcement of productive talks with Iran.
Asian benchmarks rebounded after President Donald Trump said the US has talked with Iran about a possible end to their war. Japan's Nikkei 225 added 1.1% in morning trading to 52,093.02. Toyota Motor Corp's stock price gained 1.1% after announcing a $1 billion investment in its Kentucky and Indiana auto plants. Australia's S&P/ASX 200 rose 0.5% to 8,404.00, while South Korea's Kospi jumped 2.2% to 5,526.24. Global markets have been affected by the war in Iran, especially in Asia, where access to the Strait of Hormuz is crucial for energy shipments. Benchmark US crude gained $2.02 to $90.15 a barrel, while Brent crude added $1.41 to $101.35 a barrel.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.