Trump Says “No More Patience with Iran Talks... An Agreement Must Be Reached”
Asian Stock Markets Plunge Across the Board
U.S. President Donald Trump’s remarks that he would “no longer show patience” regarding peace negotiations with Iran caused major Asian stock markets to fall across the board.
According to Fox News on May 14 (local time), President Trump stated during an interview with anchor Sean Hannity that he “will no longer be patient” on the issue of negotiations with Iran, stressing, “They must reach an agreement.”
President Trump also emphasized to anchor Hannity that he had conveyed to Chinese President Xi Jinping his willingness to help resolve the Iran issue. He said, “President Xi said he would be happy to help if there’s anything he can do,” and added, “Since China buys so much oil from Iran, there must be some relationship, but President Xi wants the Strait of Hormuz to remain open.”
Following these remarks, concerns mounted over a possible resumption of U.S. military operations against Iran, leading Asian stock markets to decline sharply.
As of 11:30 a.m. on May 15, the KOSPI Index was down 3.17% from the previous session, standing at 7,728.22. The index had earlier broken through the 8,000 mark in early trading but plunged as leading stocks by market capitalization, such as Samsung Electronics and SK hynix, turned lower.
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Japan’s Nikkei Index was also down 1.42% at 61,765.53 from the previous session, while China’s Shanghai Composite Index was down 0.54% at 4,155.38.
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