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MSCI Asia Pacific Index Soars 5.2% Amid Iran War Hopes

4/2/2026

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Summary

Story summary

The Morgan Stanley Capital International (MSCI) Asia Pacific Index rose 5.2%, its largest rally in a year, as markets priced in a potential end to the Iran war.
U.S. President Donald Trump said the United States could be done with Iran in two to three weeks, lifting shares in Korea, Japan, and Taiwan.
South Korea approved a KRW26.2 trillion budget funded by semiconductor export revenues to ease the crisis.

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Story summary

The Morgan Stanley Capital International (MSCI) Asia Pacific Index rose 5.2%, its largest rally in a year, as markets priced in a potential end to the Iran war.
U.S. President Donald Trump said the United States could be done with Iran in two to three weeks, lifting shares in Korea, Japan, and Taiwan.
South Korea approved a KRW26.2 trillion budget funded by semiconductor export revenues to ease the crisis.