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Asian, European Stocks Climb on Signs of Iran Conflict Easing
(MENAFN) Asian and European stock markets surged early Wednesday on signs that the conflict in Iran may soon conclude.
After signing a presidential decree at the White House, US President Donald Trump indicated that American forces will withdraw from Iran within “two to three weeks,” signaling a potential end to ongoing attacks.
“All I have to do is leave Iran, and we’ll be doing that very soon, we’ll be leaving very soon,” Trump said, adding it will occur in “maybe two weeks, maybe three.”
As of 0745GMT, major Asian indices showed strong gains: the Asia Dow rose 5.8%, Japan’s Nikkei 225 climbed 5.2%, Hang Seng gained 2.2%, Shanghai added 1.46%, India’s Sensex increased 2.5%, and Singapore’s index went up 1.9%.
European markets also responded positively. The Stoxx Europe 600 benchmark advanced 2.2%, the UK’s FTSE 100 gained 1.75%, Germany’s DAX 40 added 2.6%, France’s CAC 40 climbed 2.2%, Italy’s FTSE MIB 30 rose 2.75%, and Spain’s IBEX 35 increased 2.9%.
US stocks closed Tuesday with their largest gains since May, with the Dow Jones up 2.49%, the Nasdaq Composite surging 3.83%, and the S&P 500 jumping 2.91%, according to reports.
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