Asian Major Markets Close Higher Amid Eased US-Iran Full-Scale War Concerns

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] On the 9th, major Asian stock markets closed sharply higher as concerns over a full-scale war between the United States and Iran eased.

South Korea's KOSPI index closed at 2186.45, up 1.63% (35.14 points). The KOSDAQ index also rose 3.92% (25.15 points) to close at 666.09.

China's Shanghai Composite Index was trading at 3091.50, up 0.8% (24.61 points) as of 3:34 PM.

Hong Kong's Hang Seng Index was trading at 28,491, up 1.44% (403.08 points).

On the same day, Taiwan's TAIEX closed at 11,970.63, up 1.30% (153.53 points).

Japan's Nikkei 225 index closed at 23,733.12, up 2.28% (528.36 points). The TOPIX also closed at 1729.20, up 1.63% (27.80 points).

On the 8th (local time), the U.S. New York stock market also closed higher across the board as Middle East risks eased following U.S. President Donald Trump's speech urging restraint on escalation with Iran.

At the New York Stock Exchange (NYSE) that day, the Dow Jones Industrial Average closed at 28,745.09, up 161.41 points (0.56%) from the previous day. The S&P 500 index rose 15.87 points (0.49%) to close at 3253.05. Notably, the Nasdaq index closed at 9129.24, up 60.66 points (0.67%), setting a new all-time high.

With reduced anxiety, demand for safe-haven assets decreased, and international gold prices showed a decline for the first time in 11 trading days. On that day, February delivery gold on the New York Mercantile Exchange closed at $1560.20 per ounce, down 0.9% ($14.10) from the previous day.

This content was produced with the assistance of AI translation services.