Trump Hints at Progress in US-Iran Negotiations, Japan and South Korea Stocks Rise Over 3%, Gold and Silver Rebound, Oil Prices Widen Decline
Influenced by Trump's signal for negotiations with Iran, geopolitical risk premiums have retreated, global risk assets have generally rebounded, and Asia-Pacific stock markets have strengthened across the board. The Nikkei 225 index's daily gain expanded to over 3%, and the South Korean KOSPI index's daily gain expanded to 3.1%
On Wednesday, influenced by President Trump's signal for negotiations with Iran, geopolitical risk premiums retreated, global risk assets generally rebounded, Asia-Pacific stocks strengthened, and precious metals rallied, while crude oil fell sharply due to expectations of de-escalation of the conflict.
According to CCTV News, on March 24th local time, US President Trump stated that the US is communicating with the "right people" and that Iran "wants to make a deal"; he also said that Iran "has no leadership" and that the US has "achieved great success" on the issue of Iran.
Major Asia-Pacific markets all rose, with the MSCI Asia Pacific Index up 1.1%.
The Nikkei 225 index's daily gain expanded to over 3%, and the TOPIX rose 2.4%;
The South Korean KOSPI index's daily gain expanded to 3.1%, and the Australian S&P/ASX 200 index rose more than 1.4% in early trading.
European and US stock index futures also rose, with European stock futures climbing, the European Stoxx 50 Index up 1.4%, and the German DAX Index up 1.3%. S&P 500 futures rose 0.7%, Nasdaq 100 futures rose 0.8%, and Dow Jones futures rose 0.7%.
Precious metals rebounded, with spot gold up nearly 2% to $4561.45 per ounce. Spot silver rose more than 3% on the day to $73.74 per ounce.
Crude oil prices continued to fall, with Brent crude futures down to $95.89 per barrel.
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