Asian markets surge on Trump's Middle East peace signals as oil crashes below $90. Japan's Nikkei jumped 3.6% and South Korea's Kospi surged 6.4% following the US President's declaration that the regional conflict could end soon. Brent crude futures plummeted 8.3%, reflecting easing geopolitical tensions. MSCI Asia ex-Japan index climbed 2.6%, recovering from earlier losses since the conflict began. However, competing signals from Iran's hardline response create uncertainty. Market analysts note that while Trump's softer rhetoric provides short-term relief compared to previous demands, underlying tensions persist. Bond yields tumbled amid the relief rally, and US equity futures showed more modest movement. The volatility underscores how geopolitical developments continue to drive significant market swings across Asia and global energy markets.
