The expectation of the end of the Iran conflict boosts the Asia-Pacific market, with South Korean stocks soaring 6%, Japanese stocks rebounding 3%, and oil prices significantly retreating

Wallstreetcn
2026.03.10 06:54
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Trump hinted that the war in Iraq would "soon" come to an end, leading to a sudden reversal in sentiment in the Asia-Pacific markets—South Korean stocks surged by 6%, Japanese stocks rebounded by 3%, and oil prices plummeted by over 10%. However, institutions warn that the risk of a blockade in the Strait of Hormuz remains unresolved, and the market's optimism may just be a brief respite after extreme panic