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 the one hand, the price of crude oil has fallen considerably, below 100 dollars, while the main Asian stock exchanges have opened higher this Wednesday.

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

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

The benchmark index of the Hong Kong Stock Exchange, the Hang Seng, was up 2.51% (629.19 points) shortly after the session began, reaching 25,745.72 points, while in mainland China, the Shanghai benchmark index rose 1.03% (40.09 points) and Shenzhen gained 2.51% (336.73 points).