TOKYO (AP) — Asian shares rebounded Tuesday from their sharp declines a day before as global investors wagered that the war with Iran may not last too long.
But the gains fell far short of losses Monday, when oil prices neared $120 per barrel before falling back to about $90. U.S. futures were trading about 0.2% lower.
Helping to assuage investors’ fears, U.S. President Donald Trump told CBS News he thinks “the war is very complete, pretty much.” He also made other comments that seemed to threaten intensified action against Iran if it makes any “attempt to stop the globe’s oil supply.”
Tokyo’s benchmark Nikkei 225 added 2.9% to 54,248.39 after the government released revised economic data that showed Japan’s economy grew slightly faster than initially estimated in the final quarter of last year, boosted by solid business investments.
The economy expanded at an annual pace of 1.3%. The initial estimate was a much weaker 0.2%.
