An electronic quotation board displays Nikkei 225 stock prices on the Tokyo Stock Exchange on November 5, 2025.
Greg Baker | AFP | getty images
Gains in Asia-Pacific markets reversed Thursday as investors assessed US President Donald Trump’s address to the nation on the Iran war.
During his speech, Trump reiterated that US objectives in Iran have been nearly accomplished and said that “we hold all the cards” in the conflict. He also said Washington would hit Iran “very hard” in the next two to three weeks.
Early Wednesday, Trump claimed Iran’s “president of the new regime” had asked the US for a ceasefire, a claim denied by Tehran.
Trump said the US would “consider” the proposal only when the Strait of Hormuz was “open, free and clear”. true social.
Trump has previously said he is willing to end the US military campaign against Iran even if the Strait of Hormuz remains closed. a report By Wall Street Journal.
South Korean Kospi Asian losses fell 4.25%, and the small-cap Kosdaq was down 4.71%, with both indices opening more than 1% higher.
from japan Nikkei 225 It fell 2.3% after Trump’s address, while Topix fell 1.5%.
Australia’s S&P/ASX 200 started the day in positive territory, but was also down 1.11%.
Hong Kong’s Hang Seng index fell 1.08% after the speech, while the CSI 300 index on mainland China fell 0.77%.
US stock futures fell, with S&P 500 futures and Nasdaq-100 futures falling more than 1%. Dow futures were down 439 points, or 0.94%.
Overnight in the US, the S&P 500 rose 0.72%, and the Nasdaq Composite rose 1.16%. The Dow Jones Industrial Average rose 0.48%.
—CNBC’s Lisa Kailai Han and Sean Conlon contributed to this report.
