Japanese and South Korean stock markets open sharply higher, with Trump agreeing to a two-week ceasefire with Iran by the "deadline"

Ask AI · What geopolitical considerations are behind Trump’s agreement to a ceasefire?

In the early morning of April 8, the stock markets of Japan and South Korea opened sharply higher.

The South Korea Composite Index opened up 5.70%, to 5,804.70 points. In terms of gains, Korea Electric Power rose 10.53%, Samsung C&T rose 9.31%, SK hynix rose 9.17%, HYUNDAI ELECTRIC rose 9.09%, and Korea-US Semiconductor rose 9.07%; Hanwha Aerospace fell 4.49%, and HANWHA SYSTEMS fell 1.82%. Among stocks, 27 shares rose by more than 1%, and 2 shares fell by more than 1%.

The Nikkei 225 rose 1.79%, to 54,386.65 points. As of the time of publication, the Nikkei 225 has broken through the 55,600-point level, up more than 4% during the day.

On the news front, with less than an hour and a half to the “deadline,” Trump agreed to a two-week ceasefire with Iran. U.S. President Trump said in a social media post on the evening of the 7th that after a call with Pakistan, he agreed to pause bombing and attacks on Iran for two weeks, on the condition that Iran agrees to “comprehensively, immediately, and safely” open the Strait of Hormuz.

Under the influence of the above news, in the early trading session of Asia markets on April 8, U.S. stock index futures jumped sharply higher. At the same time, international oil prices fell sharply, while international precious metals prices surged in the short term.