Asia stocks rebound with KOSPI surging over 10%; Iran conflict in focus

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Oil prices jump over 3% as Middle East war escalates, fuels supply fears Iran conflict latest: Hegseth says Iran conflict has "only just begun" Gold prices rebound from previous session’s hefty drop, helped by weaker dollar Nasdaq ends more than 1% higher as solid economic data lifts spirits (South Africa Philippines Nigeria) Asia stocks rebound with KOSPI surging over 10%; Iran conflict in focus By Author Ambar Warrick Stock Markets Published 03/04/2026, 11:03 PM Asia stocks rebound with KOSPI surging over 10%; Iran conflict in focus 0 AXJO 0.45% JP225 1.87% HK50 0.84% NSEI 0.44% KS11 8.97% SSEC 0.84% TOPX 1.54% CSI300 1.31% Investing.com-- Asian stocks rose sharply on Thursday, with South Korea’s KOSPI rebounding from steep losses as a mix of bargain buying and positive cues from Wall Street aided regional markets. Regional stocks were still nursing steep losses this week as risk appetite was battered by the ongoing U.S.-Iran conflict, which showed few signs of easing. Chinese stocks rose after Beijing set a slightly weaker growth target for 2026, but pledged to continue supporting the economy with fiscal stimulus. Get more key insights on Asian stocks by subscribing to InvestingPro Asian stocks took a positive lead-in from Wall Street, where gains in technology shares helped spur a broader recovery from this week’s losses. A batch of strong economic readings also boosted sentiment towards the U.S. economy. But S&P 500 Futures fell 0.2% by 22:20 ET (03:20 GMT), amid conflicting reports over whether Iran had reached out to the U.S. over ending hostilities. A sustained increase in oil prices also kept markets on edge over the conflict’s economic impact. KOSPI rebounds over 10% on chipmaker recovery South Korea’s KOSPI was the best performer in Asia, rebounding as much as 12% from two days of deep losses. The index was aided by a host of dip-buying, especially into the chipmaking and auto sectors that had fuel...