Asian Markets Fall Amid Trump-Iran Tension Fears

Asian markets fall amid Trump-Iran tension fears as oil surges and investors flee across the Asia-Pacific region.

Trump stated that U.S. objectives in Iran were close to being achieved and warned that Washington could intensify its response over the next two to three weeks if conditions did not improve. He also claimed that Iran’s “new regime president” had sought a ceasefire — a claim Tehran denied. On Truth Social, Trump added that the U.S. would only consider such a request after the Strait of Hormuz fully reopened, contradicting earlier reports that the U.S. might end its campaign even with the waterway restricted.

Asian Markets Fall Amid Trump-Iran Tension Fears

Following the remarks, the Nikkei 225 fell 2.14%, South Korea’s Kospi dropped sharply, and Australia’s ASX 200 reversed early gains. Hong Kong’s Hang Seng slipped 1.02%, while mainland China’s Shanghai Composite declined 0.53%. U.S. stock futures were mostly flat, though Wall Street had closed higher overnight.

EQUITIES

Oil prices surged on Hormuz concerns, with Brent rising 4.26% to $106.71 and WTI climbing 4.92% to $104.57. Gold fell 2.20% to $4,719.51 and silver dropped 5.50% to $72.15 as safe-haven demand eased.

On the data front, U.S. ADP Non-Farm Employment came in at 62,000, beating the 41,000 forecast, pointing to continued private-sector hiring strength.

COMMODITIES

Up next: USD Unemployment Claims — 12:30 PM GMT

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