Market and stock exchange Asia's stock markets on the rise after Trump's statement on Iran war
Following a statement by US President Donald Trump on a possible end to the war in Iran, Asia's stock markets started the trading day with a significant gain. Japan's leading index, the Nikkei 225, rose by around three percent at the start.
10.03.2026, 03:13
SDA
The East Asian country's economy is heavily dependent on oil and gas imports.
South Korea's leading index, the Kospi, started the trading day with a 5.5 percent gain after a significant drop of 6 percent at the previous day's close. Tech stocks in particular, such as Samsung Electronics and chip manufacturer SK Hynix, rose by more than 9 percent in the meantime.
In China, the Hong Kong Hang Seng index rose by 1.3 percent and the CSI 300 index, which tracks the most important shares in mainland China, rose slightly by 0.8 percent at the start of the day.
The reason for this was an interview in which the US broadcaster CBS News quoted Trump as saying: "I think the war is pretty much over." The statement created a positive mood on the US stock market. As a result, the price of Brent crude oil also fell to USD 89.20 per barrel (159 liters) and was therefore a good USD 30 cheaper than on Monday night, when the price had risen above the USD 100 mark for the first time in years.
