Markets rise in Asia on hopes of easing tensions

Asian stocks rebounded after President Donald Trump said the United States was in talks with Iran, raising hopes of easing tensions in the Middle East.

Markets opened higher across the region following sharp losses in the previous session.

South Korea’s KOSPI jumped more than 3.6 percent in early trading, while Japan’s Nikkei 225 rose 1.69 percent.

The gains followed steep declines a day earlier, when concerns over oil supply disruptions linked to the conflict had rattled investors.