Asia Markets Begin Clawing Back War Losses on Easing Tensions

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Taiwan’s benchmark jumped to a fresh record high on Tuesday thanks to a rebound in chip stocks.Asian markets, among the hardest hit by the Iran war, are starting to recoup those losses, signaling investors are growing more confident that tensions in the Middle East will ease.Taiwan and SingaporeBloomberg Terminal equities have erased their declines. Mainland China is less than 1% away, Japan within 2%, and Australia and Hong Kong about 3% below pre-war levels. In currencies, the Australian dollar is close to reversing its drop against the greenback, while the yuan has strengthened.