HONG KONG (AP) — Oil fell below $100 per barrel and Asian shares were sharply higher Wednesday after U.S. stocks soared to their best day in almost a year on renewed hopes that the Iran war could soon end.
South Korea’s Kospi recovered its losses from earlier this week, surging 8.4% to 5,478.70, while Tokyo’s Nikkei 225 rose 5.2% to 53,739.68. A survey by Japan’s central bank released Wednesday showed business sentiment for major Japanese manufacturers improved despite Iran war worries.
Hong Kong’s Hang Seng was up 2.3% to 25,346.42, while the Shanghai Composite index was trading 1.5% higher at 3,948.55.
Australia’s S&P/ASX 200 was up 2.2% to 8,671.80.
Taiwan’s Taiex climbed 4.6%, and India’s Sensex rose 2.4%.
