Asian stock markets on Monday witnessed a surge despite US President Donald Trump’s renewed threats to bomb Iranian civilian infrastructure.
US-Israeli air forces have already carried out attacks on schools, universities, oil plants, desalination facilities, roads, offices, and bridges throughout the past five weeks.
On Monday, Japan's and South Korea’s stock markets opened higher even as Trump threatened to intensify attacks on Iran.
With weeks of volatility caused by the unpredictable US president’s repeated threats, investors are now returning to stock markets across Asia with renewed confidence.
As of 00:45 GMT, Japan’s benchmark Nikkei 225 was up 0.45 per cent, while South Korea’s KOSPI was up about 1.8 per cent.
However, with China’s major stock indexes dealing with FMCG and consumer goods exposure to the Middle East, its main indexes fell.
The SSE Composite Index in Shanghai and the Hang Seng Index in Hong Kong were down 1 per cent and 0.7 per cent, respectively.
Meanwhile, a deadline set by Trump for Iran over the Strait of Hormuz is approaching its end tomorrow.
Some market analysts fear the war may escalate after the deadline ends if Iran still maintains control over the strait.
Over the weekend Trump made more threats against Iran, even as the bombing continued in the region.
The United States rescued two aviators whose fighter jet was shot down by Iran.
The global markets, which are witnessing continued volatility over the past five weeks, could witness a rout in the coming days if the war escalates between the US-Israel alliance and Iran.
Also read: Asian markets rebound despite Trump’s fresh Iran warnings
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