Asian markets rebound as Mideast tensions ease



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.

Japan’s Nikkei

NIK, +2.04%

  surged 2% and Hong Kong’s Hang Seng Index

HSI, +1.06%

  rose 1%. The Shanghai Composite

SHCOMP, +0.47%

  advanced 0.5% and the Shenzhen Composite

399106, +1.03%

  ticked up 1%. South Korea’s Kospi

180721, +1.10%

  rose 1% and benchmark indexes in Taiwan

Y9999, +1.17%

 , Singapore

STI, +0.07%

  and Indonesia

JAKIDX, +0.31%

  gained. Australia’s S&P/ASX 200

XJO, +0.58%

  advanced 0.6%.

Among individual stocks, Screen Holdings

7735, +6.10%

  surged in Tokyo trading, while Yahoo Japan parent Z Holdings

4689, +4.64%

 , SoftBank

9984, +4.63%

  and Honda

7267, +1.32%

  also rose. In Hong Kong, Apple component makers Sunny Optical

2382, +4.24%

  and AAC

2018, +2.52%

  gained, while PetroChina

857, -1.45%

  fell as oil prices receded. Samsung

005930, +2.46%

  jumped in South Korea, while in Australia, Beach Energy

BPT, -2.04%

  fell and Rio Tinto

RIO, +1.13%



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