Nikkei 225, Kospi, Hang Seng Index
A foreign exchange dealer watches exchange rates in front of a large screen showing South Korea’s benchmark stock index (C) and the Korean won/USD exchange rate (R) in the foreign exchange trading room at Hana Bank headquarters in Seoul on April 9, 2025.
Jung Yeon-je | Afp | Getty Images
South Korea’s Kospi opened with a rise of more than 5 percent on Tuesday, leading the recovery in the region, after Wall Street rebounded as oil prices fell and US President Donald Trump signaled that the conflict with Iran was nearing an end.
Small-cap Kosdaq is up over 4%.
of Australia S&P/ASX 200 It rose 1.35% in early trading.
of japan Nikkei 225 It rose 1.66% while Topix rose 1.3%.
Hong Kong Hang Seng index Futures were at 25,370 compared to the index’s last close of 25,408.46.
Oil prices fell after Trump said he was considering taking control of the Strait of Hormuz, the world’s most important choke point for the crude oil market. Trump also made the comments to a CBS News reporter. Publish on X“the battle is almost complete.”
US crude oil fell 6.49% to $88.66 per barrel at 19:28 on Monday. The decline came after oil exceeded $100.
“We are experiencing the largest disruption ever, with 20% of the world’s oil supply shutting down,” Rapidan Energy Group President Bob McNally said, referring to the closure of the Strait of Hormuz.
The biggest disruption before the current war occurred during the Suez Crisis of 1956, when Britain, France and Israel invaded Egypt’s Sinai Peninsula, the energy consultancy said in a note to clients Sunday. Approximately 10% of global oil supply was disrupted at that time.
US stock markets rose overnight. The S&P 500 index closed at 6,795.99 points, with an increase of 0.83%, and the Dow Jones Industrial Average closed at 47,740.80 points, with an increase of 239.25 points, or 0.5%. The blue-chip index is suffering its biggest weekly decline in almost a year. Nasdaq Composite increased by 1.38% to 22,695.95.
These moves mark an impressive reversal from the losses seen earlier in the day. The Dow index fell nearly 900 points at its session low, while the S&P 500 and Nasdaq also fell as much as 1.5%.
