South Korean stocks spiked nearly 7 percent after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz.

Earlier, U.S. stocks swung sharply during regular trading as uncertainty about the war with Iran increased after Trump had threatened that a “whole civilization will die tonight."

Shares of Asian tech and semiconductor comoanies surged on the news that the U.S. and Iran agreed to a conditional two-week ceasefire.

South Korean stocks spiked nearly 7 percent after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz.