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Asian Equities Rebound Amid Iran Conflict
7.1
Asian equities rebounded Thursday after a selloff: South Korea's Kospi jumped 11% and the MSCI Asia Pacific rose 2.8%, mirroring US gains where the S&P 500 climbed 0.8% and the Nasdaq 100 rose 1.5% after US services expanded at the fastest pace since mid‑2022 and a price index hit a near one‑year low. Oil rose to about $76 (WTI) and China set a 2026 GDP target of 4.5%–5%.
Key Points
- 1Record market moves: South Korea's Kospi jumps 11% after prior session's worst-ever crash.
- 2Rising oil: WTI near $76 and Brent near $83 point to inflationary pressure from the Iran conflict.
- 3Watch policy: US services strength eases inflation fears but jobs and Fed decisions will set risk direction.
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