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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%
advanced.
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