Asian stocks surge as Trump calls off Iran attack

Asian stock markets experienced a significant rally on Friday, mirroring a strong performance in U.S. markets following President Donald Trump's announcement that he had canceled planned military strikes against Iran. The positive sentiment spread across the region, boosting investor confidence.

South Korea's KOSPI index led the gains, soaring over 7% to reach 8323.14 points. The index opened above 8000 points and continued its upward trajectory throughout the trading session. Japan's Nikkei 225 also saw a substantial increase, rising by more than 2600 points to trade above the 66,000 mark, opening at 65176 points and climbing to 66852 points.

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We have reached an agreement, Iran will never have nuclear weapons.

The catalyst for the market surge was Trump's statement on Truth Social and in the Oval Office that the U.S. would not attack Iran. He indicated that a deal preventing Iran from acquiring nuclear weapons was close to being signed. This de-escalation of geopolitical tensions led to a drop in international oil prices and a broad rebound in U.S. stock markets. The Dow Jones Industrial Average, S&P 500, and Nasdaq all closed higher on Thursday, with the Philadelphia Semiconductor Index showing particularly strong performance, surging nearly 8%.

U.S. tech stocks also saw significant movement, with Taiwan Semiconductor Manufacturing Company (TSMC) ADR rising 3.26%. The positive U.S. market performance provided a strong tailwind for Asian markets as they opened on Friday, with investors reacting favorably to the reduced global uncertainty.

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We will sign the agreement soon, the document is basically finalized, the agreement should be signed soon.