South Korea's Kospi surges over 5% as regional markets rebound strongly. Oil prices plummeted more than 10% after President Trump signaled the Iran conflict could be ending, with Brent crude falling to 89.03 dollars per barrel from above 100 dollars. The energy decline sparked broad gains across Asia Pacific markets. Japan's Nikkei jumped 1.7%, Australia's ASX rose 1.55%, and Hong Kong's Hang Seng added 1.56%. Travel stocks particularly benefited, with Air China, China Eastern Airlines, and Singapore Airlines all posting solid gains. U.S. markets also recovered overnight, with the S&P 500 rising 0.83% and the Nasdaq climbing 1.38%, reversing earlier session losses. The geopolitical developments and oil market stabilization provided crucial relief to investors after significant market volatility.
