Asia-Pacific markets reversed earlier gains as oil prices spiked following U.S. President Donald Trump's speech on the Iran conflict. The energy and defense sectors are under immediate pressure due to heightened geopolitical tensions.
- Asia-Pacific markets reversed gains as oil prices surged following Trump's speech on Iran.
- U.S. crude futures rose 6% to $106.39, and Brent crude climbed 6.7% to $107.97.
- South Korea's KOSPI fell 5.03%, and the Kosdaq dropped 6.13%.
- Japan's Nikkei 225 declined 2.5%, and the Topix fell 1.7%.
- U.S. stock futures fell, with S&P 500 and Nasdaq-100 futures down over 1%.
- Alicia Garcia Herrero highlighted the conflicting signals from Trump's statements and actions.
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