Stocks rally on signals Iran war may end

ISTANBUL

Asian and European stock markets rallied on early Wednesday on signals that the Iran war may end soon.

Speaking after a presidential decree signing ceremony at the White House, Us President Donald Trump said that American forces will leave Iran within two to three weeks, signaling an end to ongoing attacks against the country.

"All I have to do is leave Iran, and we’ll be doing that very soon, we'll be leaving very soon" Trump said, adding that it will happen in "maybe two weeks, maybe three."

As of 0745GMT, Asia Dow index rose by 5.8%, Japanese Nikkei 225 soared by 5.2%, Hang Seng by 2.2%.

China's Shanghai index increased by 1.46%, Indian Sensex by 2.5%, and Singapore index increased by 1.9%.

In the Europe side, the benchmark Stoxx Europe 600 index went up by 2.2%, and the UK’s FTSE 100 gained 1.75%.

Germany’s DAX 40 added 2.6%, France’s CAC 40 climbed 2.2%, Italy’s FTSE MIB 30 advanced 2.75%, and Spanish IBEX 35 rose 2.9%

At Tuesday's close, the US stocks closed with the biggest gains since May; the Dow Jones earned 2.49%, the Nasdaq composite surged 3.83%, and the S&P 500 jumped 2.91%.