SINGAPORE: Asian stocks rallied and oil prices plunged at the start of trading on Tuesday, following a volatile session for markets overnight after U.S. President Donald Trump declared the Middle East war could be "over soon."
MSCI's broadest index of Asia-Pacific shares outside Japan was up 2.6%, paring losses since the start of the conflict, while Brent crude futures fell as much as 10% to below $90 per barrel as trading resumed. U.S. equity futures were more muted, with S&P 500 e-mini futures down 0.2% to pare Monday's rebound.
