Asia Markets Begin Clawing Back War Losses on Easing Tensions
Taiwan’s benchmark jumped to a fresh record high on Tuesday thanks to a rebound in chip stocks.
Photographer: An Rong Xu/BloombergAsian markets, among the hardest hit by the Iran war, are starting to recoup those losses, signaling investors are growing more confident that tensions in the Middle East will ease.
Taiwan and Singapore equities have erased their declines. Mainland China is less than 1% away, Japan within 2%, and Australia and Hong Kong about 3% below pre-war levels. In currencies, the Australian dollar is close to reversing its drop against the greenback, while the yuan has strengthened.