Asian Stock Markets Rise Amid De-Escalation Hopes in US-Iran Conflict

Asian Stock Market Update

Strong Buying on Optimism of US-Iran War De-escalation

The Asian stock market experienced a strong buying session on Thursday, driven by optimism about a de-escalation in the US-Iran war. South Korea's Kospi soared over 12%, rebounding sharply from its steepest single-day fall and putting it on track for its strongest session, according to LSEG data. Index heavyweights SK Hynix and Samsung Electronics rallied over 15% and 14%, respectively.

Market Performance

• Kospi: +12%
• SK Hynix: +15%
• Samsung Electronics: +14%
• South Korean won: +0.14% against the US dollar, last trading at 1,460.60
• Kosdaq: +11%

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Global Market Sentiment

The optimism follows a notable reversal in global market sentiment, where major indices have rebounded from their recent bearish phase amid growing hopes of de-escalation in the ongoing Middle East tensions. Despite pockets of global strength, domestic sentiment remains fragile and highly sensitive to geopolitical developments.

US Stock Market Update

US equities ended higher on Wednesday after a media report indicated that Iran had shown willingness to engage in talks, while President Donald Trump pledged to stabilize oil markets, easing investor concerns over the escalating Middle East tensions.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

• Dow Jones Industrial Average: +238.14 points, or 0.49%, to close at 48,739.41
• S&P 500: +52.87 points, or 0.78%, to 6,869.50
• Nasdaq Composite: +290.79 points, or 1.29%, to finish at 22,807.48
• Technology shares: lifted the broader market, led by gains in chipmakers, with Micron Technology and Advanced Micro Devices each surging over 5%