MOSCOW, April 2. /TASS/. Trading on Asia’s largest Tokyo Stock Exchange fell after US President Donald Trump’s speech on Iran’s issue, according to trade data.
Meanwhile the price of futures contracts of Brent crude oil for June 2026 delivery on London’s ICE has risen by more than 6.5% following Trump’s televised address, trade data said.
TASS has compiled the main facts about the economic market’s reaction to the US President’s speech.
Stock exchanges
Trading on Asia’s largest Tokyo Stock Exchange fell after US President Donald Trump’s remarks on Iran, according to trade data.
The key Nikkei Index, which tracks the stock prices of 225 leading Japanese companies, lost 2.41% to 52,445.7 points.
According to local analysts, negative sentiment dominates among investors due to the lack of prospects for a quick resolution to the conflict.
The MOEX Index with additional IMOEX2 ticker gained 0.44% as morning trading session opened on the Moscow Exchange on Thursday to 2,788.02 points, according to trading data as of 7:00 a.m. Moscow time (4:00 a.m. GMT).
As of 7:15 a.m. Moscow time (4:15 a.m. GMT) the MOEX Index was up by 0.49% at 2,788.72 points.
The Milan Stock Exchange, following other trading platforms, responded with a decline in prices after the US President’s speech on Iran.
The main FTSE MIB Index fell by 1.56% as trading started, and narrowed losses slightly later to 1.18%, reaching 45,175.18 points, according to data on the exchange’s website.
All global markets reacted negatively to Trump’s words after they had expressed optimism on the previous day about the likelihood of an end to the conflict around Iran, Radio-1 noted.
Oil
The price of futures contracts of Brent crude oil for June 2026 delivery on London’s ICE has increased by more than 6.5%, according to trade data.
As of 3:55 a.m. Moscow time (12:55 a.m. GMT), before Trump’s speech, the Brent price was down by 1.35% at $99.79 a barrel.
By 4:33 a.m. Moscow time (1:33 a.m. GMT), the price of Brent oil had moved to positive territory, reaching $106.29 per barrel (+5.07%). Meanwhile the price of futures contracts of WTI crude oil for May 2026 delivery was up by 4.09% at $104.21 per barrel.
As of 7:05 a.m. Moscow time (4:05 a.m. GMT), the Brent price was up by 6.51% at $107.75 a barrel, while the WTI price was up by 5.38% at $105.51 per barrel.
Change of suppliers and supply routes
South Korean authorities are determined to resume purchases of Russian oil amid tensions in the Middle East, said head of the Korea-Russia Business Council Park Jong-ho at the first International Transport and Logistics Forum.
Iraq has begun exporting oil through Syria, the Arab Republic’s Oil Ministry announced.
Kazakhstan’s national gas company QazaqGaz intends to speed up geological exploration due to growing global demand for gas, said the company’s CEO Alibek Zhamauov.