JAKARTA - The Asia-Pacific stock market turned weak on Thursday after investors took note of US President Donald Trump's speech on the Iran war. According to a report by CNBC quoted on Thursday, April 2, after opening up, the majority of exchanges in the region finally entered the red zone.
In his speech, Trump stressed that the US goal in Iran was almost achieved. He also said Washington "holds all the cards" in the conflict and will hit Iran "very hard" in the next two to three weeks.
On Wednesday morning, US time, Trump also claimed that the "President of the New Regime" of Iran had asked for a ceasefire to the United States. However, this claim was denied by Tehran.
Trump then wrote on Truth Social that the US would only consider the offer after the Strait of Hormuz was "open, free, and safe". In fact, according to a report by The Wall Street Journal, Trump had previously said he was willing to end the US military campaign against Iran even though the Strait of Hormuz was still closed.
Based on a CNBC report, South Korea led the weakening in Asia. The Kospi index fell 4.25 percent, while the Kosdaq fell 4.71 percent. In fact, both indices had opened up more than 1 percent.
In Japan, the Nikkei 225 fell 2.3 percent and the Topix fell 1.5 percent. In Australia, the S&P/ASX 200 index, which had been moving in the positive zone, eventually fell 1.11 percent.
The Hang Seng Index in Hong Kong fell 1.08 percent after Trump's speech. Meanwhile, the CSI 300 index in mainland China fell 0.77 percent.
Pressure was also seen in the US futures market. S&P 500 and Nasdaq-100 futures fell more than 1 percent, while Dow futures weakened 439 points or 0.94 percent.
In overnight trading in the United States, Wall Street actually closed stronger. The S&P 500 index rose 0.72 percent, the Nasdaq Composite added 1.16 percent, and the Dow Jones Industrial Average rose 0.48 percent.
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