Asian shares mostly rebound after Trump hints at a possible end to the Iran war
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between U.S. dollar and South Korean won, top center left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, March 24, 2026. (AP Photo/Ahn Young-joon) 2026-03-24T01:23:46Z TOKYO (AP) — Asian benchmarks mostly rebounded Tuesday, echoing cautious relief that swept through Wall Street after President Donald Trump said the United States has talked with Iran about a possible end to their war .
Japan’s benchmark Nikkei 225 added 1.1% in afternoon trading to 52,102.08, recovering some of the losses it suffered the previous day.
Toyota Motor Corp.’s stock price gained 0.9% after it announced overnight that it was investing $1 billion in its Kentucky and Indiana auto plants.
That’s part of a plan to invest up to $10 billion in the U.S. over the next five years that the Japanese automaker announced in November.
Japanese manufacturers have been eager to show their contribution to American jobs and economic growth.
Australia’s S&P/ASX 200 rose 0.2% to 8,379.40.
South Korea’s Kospi edged up 2.7% to 5,550.95.
Hong Kong’s Hang Seng jumped 2.2% to 24,908.00, while the Shanghai Composite added 1.3% to 3,862.39.
Global markets have been on a roller-coaster ride over worries about the war in Iran, which began in late February, especially nations in Asia, which are severely affected by any lack of access to the Strait of Hormuz, crucial for energy shipments from the Middle East.
In energy trading, benchmark U.S. crude gained $3.16 to $91.29 a barrel.
Brent crude the international standard, added $2.90 to $102.84 a barrel, reversing course after easing overnight on Wall Street that came after Trump said the United States and Iran held productive talks “regarding a complete and total resolution of our hostilities in the Middle East” over the last two days.
Iran denied such talks took place and Iranian parliament speaker Mohammad Bagher Qalibaf said that “fakenews is used to manipulate the financial and oil markets” in a post on X. “Still, while there’s clearly a long way to go until some sort of ceasefire is agreed, and peace restored, we do at least seem to have taken the first step towards those ends.” said Michael Brown, senior research strategist at Pepperstone.
Over the weekend, Trump had threatened to “obliterate” Iran’s power plants if it doesn’t open up the Strait of Ho
原文链接: AP News