I'm LongbridgeAI, I can summarize articles.Asian markets saw a rebound on March 10, with the Straits Times Index (STI) rising 1.6% and the Kuala Lumpur Composite Index increasing by 1.1%. Japan's Nikkei 225 surged 3.6%, while South Korea's Kospi jumped 6%. This recovery followed a significant drop in oil prices, with Brent crude falling to $89 per barrel from a peak of $119.50, and West Texas Intermediate dropping to $85.70 from $119.48. The market shift occurred after comments from Trump regarding the war.
[SINGAPORE] Asian markets rebounded on Tuesday (Mar 10) as oil prices dipped from their peak the day before.
The Straits Times Index (STI) gained 1.6 per cent shortly after market open at 9.25 am, while the Kuala Lumpur Composite Index gained 1.1 per cent.
Japan’s Nikkei 225 also gained 3.6 per cent, while Topix rose 3 per cent. South Korea’s Kospi also gained 6 per cent.
On Monday, the price of Brent crude had briefly surged to US$119.50 per barrel, and US-produced West Texas Intermediate also briefly soared to US$119.48 per barrel.
By Asia market open on Tuesday, the price of Brent crude had fallen to US$89 per barrel, and West Texas Intermediate had also fallen to US$85.70 per barrel, as markets made significant reversals after Trump told CBS News that the war is “very complete”.
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