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Financial markets Score 85 Bullish

Asian Markets Surge After Trump Signals End to Iran Tensions

Mar 10, 2026 01:04 UTC
^STI, CL=F, ^VIX
Immediate term

Asian equities climbed sharply on Monday as former President Donald Trump reassured global markets that a potential conflict with Iran would be avoided, driving a broad-based rally. The move lifted energy and defense stocks amid improved risk sentiment.

  • Straits Times Index (^STI) rose 1.8% to 3,342.21
  • Crude oil futures (CL=F) gained 2.7% to $89.30 per barrel
  • CBOE Volatility Index (^VIX) fell 14.3% to 18.45
  • Hanwha Aerospace (012450.KS) up 6.2%
  • Mitsubishi Heavy Industries (7011.T) up 5.6%
  • Reliance Industries (RELIANCE.NS) gained over 4%

Asian stock markets opened higher Monday, with Singapore's Straits Times Index (^STI) gaining 1.8% to close at 3,342.21, led by gains in energy and defense-related sectors. The rally followed a statement from former President Donald Trump, who said in a public address that the United States would not engage in military action against Iran, effectively signaling a de-escalation of regional tensions. The shift in geopolitical outlook triggered a flight to risk assets, with crude oil futures (CL=F) rising 2.7% to $89.30 per barrel as market participants priced in reduced supply disruption risks. Similarly, the CBOE Volatility Index (^VIX) dropped 14.3% to 18.45, reflecting a sharp decline in market anxiety and a return to equities. Defense sector stocks across Japan, South Korea, and Taiwan saw notable gains, with key defense contractors such as Mitsubishi Heavy Industries (7011.T) and Hanwha Aerospace (012450.KS) rising 5.6% and 6.2% respectively. Energy firms including Petronas (PetroBlast) and Reliance Industries (RELIANCE.NS) also advanced, with gains exceeding 4% as oil price optimism spread. Investors interpreted Trump’s comments as a signal of a more pragmatic U.S. foreign policy stance, reducing the likelihood of a broader Middle East conflict that had previously pressured global supply chains and commodity markets.

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