Oil falls and Asian stock markets soar after ceasefire in Iran

BarcelonaMarkets are already reacting to the announcement of the ceasefire between the US and Iran, which includes the reopening of the Strait of Hormuz, through which 20% of the world's consumed oil circulates. On one hand, the price of crude oil has fallen considerably, below 100 dollars, while the main Asian stock markets have opened higher this Wednesday.

West Texas Intermediate oil has fallen 14.19% after the announcement, to 96.92 dollars, while Brent crude, the European benchmark, was down 13.3% this morning, to 94.74 dollars. All this means that futures for the main European stock markets are showing significant gains this Wednesday, close to 5%.

For now, the main indices in Tokyo and Seoul have surged at the opening. The Japanese Nikkei, which groups the 225 most representative stocks in the market, has risen more than 4%, while the car manufacturer Toyota, the company with the largest local capitalization, has grown by 3.1%. As for the South Korean Kospi, it has grown more than 5% at the opening and the shares of Samsung Electronics, for example, have increased by almost 7%.

The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, was advancing shortly after the session's start by 2.51% (629.19 points), to stand at 25,745.72 points, while in mainland China, the Shanghai benchmark index was up 1.03% (40.09 points) and the Shenzhen index gained 2.51% (336.73 points).