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๐Ÿ‡น๐Ÿ‡ผ Taiwan /Economy & Trade

Asian Markets Rebound as US-Iran Tensions Ease, Dow Hits Record High

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • Asian stock markets rebounded Tuesday, with South Korea's KOSPI rising over 2% and Japan's Nikkei gaining nearly 500 points.
  • The recovery followed a strong performance on Wall Street, where the Dow Jones Industrial Average hit a new record high, boosted by hopes of de-escalation in US-Iran tensions.
  • US President Trump claimed peace talks with Iran were underway, though Tehran denied this, while US markets saw significant gains across major indices.

Asian stock markets showed a strong rebound on Tuesday, recovering from recent losses. South Korea's KOSPI index surged over 2%, and Japan's Nikkei index climbed by nearly 500 points, surpassing the 64,000 mark. This recovery was spurred by a positive performance on Wall Street, where major US indices, including the Dow Jones Industrial Average, closed at record highs on Monday.

The optimism in global markets was fueled by statements from US President Donald Trump suggesting that peace talks with Iran were in progress. However, this claim was subsequently denied by Iranian authorities. Despite the conflicting information, the prospect of reduced tensions between the US and Iran provided a significant boost to investor sentiment.

The peace talks between the United States and Iran are underway.

โ€” Donald TrumpUS President Trump's claims about ongoing peace talks with Iran, which influenced market sentiment.

On Monday, the Dow Jones Industrial Average jumped 693.38 points, or 1.32%, to close at 53,178.41, setting a new historical record. The S&P 500 rose 1.48%, and the Nasdaq Composite saw a 2.13% increase. The Philadelphia Semiconductor Index also experienced gains. This strong showing in the US market set a positive tone for Asian trading on Tuesday.

The 'Joint Warning Statement on North Korean Cyber Threats' announced by the US and its allies is a stereotypical political propaganda aimed at smearing our country's image with malicious intent.

โ€” North Korean Foreign Ministry SpokespersonNorth Korea's strong rejection of a joint warning issued by 11 countries, including South Korea, the US, and Japan, regarding North Korean IT personnel.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.