An electronic trading board displays Nikkei 225 stock prices on the Tokyo Stock Exchange in Tokyo on November 5, 2025.
Greg Boulanger | Afp | Getty Images
Asia-Pacific markets reversed gains Thursday as investors assessed That of American President Donald Trump speech to the nation on the war in Iran.
During his speech, Trump reiterated that U.S. goals in Iran were nearly achieved and said “we hold all the cards” in the conflict. He also said Washington would hit Iran “very hard” over the next two to three weeks.
Early Wednesday in the United States, Trump claimed that the Iranian “president of the new regime” had asked the United States for ceasefirea claim that Tehran has denied.
Trump added that the United States will “consider” the offer only once Strait of Hormuz was “open, free and clear,” he said Social truth.
Trump previously said he was ready to end the US military campaign against Iran even if the Strait of Hormuz remained closed, according to a report by the Wall Street Journal.
Oil prices rose after the speech, with U.S. crude futures rising 6% to $106.39 and global benchmark Brent crude gaining 6.7% to $107.97.
South Korea Kospi fell 5.03%, leading Asian losses, and the small-cap Kosdaq fell 6.13%. Both indexes opened up more than 1%.
from Japan Nikkei 225 was down 2.5% after Trump’s speech, while the Topix fell 1.7%.
Australia S&P/ASX200 started the day in positive territory, but fell 1.06% to end at 8,579.5.
Hong Kong’s Hang Seng Index fell 1.41%, while mainland China’s CSI 300 Index lost 1.35%.
Indian markets opened lower after Trump’s speech, Clever 50 last down 1.9% and the Sensex down 2.1%.
U.S. stock futures fell, with S&P 500 and Nasdaq-100 futures down more than 1%. Dow Jones futures were down 439 points, or 0.94%.
Overnight in the United States, the S&P500 advanced by 0.72%, and the Nasdaq Composite gained 1.16%. THE Dow Jones Industrial Average added 0.48%.
—Lisa Kailai Han and Sean Conlon of CNBC contributed to this report.
