Asian markets rebounded in early trading Thursday following losses the day before after Iran launched a missile attack on U.S. bases in Iraq.
Tensions decreased significantly Wednesday amid signs of de-escalation, as President Donald Trump said Iran “appears to be standing down” and announced fresh sanctions rather than immediate military action.
U.S. stocks recovered after shaky pre-market trading, with the Nasdaq closing at a new record and the S&P 500 hitting an intraday record.
surged 2% and Hong Kong’s Hang Seng Index
rose 1%. The Shanghai Composite
advanced 0.5% and the Shenzhen Composite
ticked up 1%. South Korea’s Kospi
rose 1% and benchmark indexes in Taiwan
gained. Australia’s S&P/ASX 200
Among individual stocks, Screen Holdings
surged in Tokyo trading, while Yahoo Japan parent Z Holdings
also rose. In Hong Kong, Apple component makers Sunny Optical
gained, while PetroChina
fell as oil prices receded. Samsung
jumped in South Korea, while in Australia, Beach Energy
fell and Rio Tinto