Asian markets steady despite war on Iran, as fuel prices remain high
Apr 27, 2026 #WarOnIran #IranWar #USIsraelWarOnIran
Nearly two months after attacks on Strait of Hormuz linked to the war on Iran, Asian market
Apr 27, 2026 #WarOnIran #IranWar #USIsraelWarOnIran
Nearly two months after attacks on Strait of Hormuz linked to the war on Iran, Asian markets are showing mixed signals.
Stock markets across the region remain resilient, buoyed by strong investor confidence and growth in artificial intelligence sectors.
Japan’s Nikkei 225 surged past key levels, while South Korea’s KOSPI also posted gains.
However, high fuel prices continue to weigh on economies, with energy costs significantly above pre-war levels.
In South Korea, prices are about 18% higher, pushing inflation to a three-month high.
The government has launched a cash relief programme targeting 35.8 million low- and middle-income earners.
Despite market optimism, uncertainty remains as investors monitor ceasefire stability and diplomatic efforts.
Al Jazeera's Barnaby Lo reports from Seoul, South Korea.
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