Investors reacted nervously to the announcements of further escalation of military actions.
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During his speech, Trump emphasized that the United States' goals in Iran are “almost achieved,” adding that “we hold all the cards” in this conflict. At the same time, he announced that Washington would hit Iran “very hard” in the next two to three weeks.
He also previously reported that Iranian authorities had asked for a ceasefire – which Tehran denied. The president noted that the US would “consider” such a proposal only when the Strait of Hormuz is “open, free and safe.”
Donald Trump's speech and strong declines in Asia
The greatest losses were recorded in South Korea. The Kospi index fell by 4.25% and the technological Kosdaq by as much as 4.71%, even though both started the session in positive territory.
Other major stock markets were also in decline: the Japanese Nikkei 225 lost 2.3% and the Topix 1.5%, the Australian S&P/ASX 200 fell by 1.11%, the Hong Kong Hang Seng fell by 1.08%, the Chinese CSI 300 recorded a decline by 0.77%.
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The concern spreads to the US
The negative sentiment also spread to the American market. Futures contracts on the main US indexes fell – futures on the S&P 500 and Nasdaq-100 lost more than 1 percent, and the Dow Jones fell 439 points, or 0.94 percent.
Importantly, just a day earlier, Wall Street was dominated by increases. The S&P 500 Index gained 0.72%, the Nasdaq Composite increased by 1.16% and the Dow Jones Industrial Average increased by 0.48%.
