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Asian markets staged a sharp rebound, with stocks posting their biggest gain in a year and bonds extending their rally, as investors grew optimistic that the US–Iran conflict may soon de-escalate. The surge followed comments from President Donald Trump suggesting the war could end within weeks, boosting global risk appetite. Asian equities jumped 4.7% after a prolonged slump...

Global markets swung on reports that President Donald Trump may be willing to end the US military campaign against Iran, even if the Strait of Hormuz remains largely closed. Equity-index futures rose in the US and Europe on optimism about a potential de-escalation, while oil prices reversed earlier gains as traders bet tensions could ease.

Global markets came under pressure as escalating tensions in the Middle East unsettled investors. Stocks declined broadly, with Asian equities dropping sharply, though US futures showed tentative stabilisation and European futures trimmed earlier losses.