South Korea’s Kospi leads rebound in Asia markets as Trump says Iran war could end in weeks

South Korea’s Kospi leads rebound in Asia markets as Trump says Iran war could end in weeks

Asia-Pacific markets rebounded Wednesday after statements from U.S. President Donald Trump raised hopes that the Iran war could end quickly. On Tuesday stateside, Trump mentioned the U.S. could go away Iran in “two or three weeks,” including “We leave because there’s no reason for us to do this.” U.S. West Texas Intermediate crude for May supply…

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Australia central bank hikes rates to a near 1-year high as Iran war raises inflation risks

Australia central bank hikes rates to a near 1-year high as Iran war raises inflation risks

Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks throughout a press convention in Sydney, Australia, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank on Tuesday raised benchmark coverage rates for a second straight time, pushing them to their highest since April 2025 at 4.1%, amid sticky…

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