Optimistic sentiment fades, Asian stocks give back gains

Odaily News Asian markets opened very strong and active, especially in Japan and South Korea. But now, some Asian markets have given back some of those gains. All of this points to the typical volatility triggered by the war in Iran. Initially, especially on Wednesday, we saw many investors being optimistic about the conflict — a ceasefire was holding, and there seemed to be a strong will to end the war. Investors tend to make decisions based on what will happen in the future, so we saw those stock markets rise to record highs. Now, especially as these attacks continue, with no plans for peace talks yet, and no clear path to truly ending this conflict — some caution has returned, so we are seeing these stock markets fall back to lower levels. (Jin10)