Trending Now - Asian Markets Rise Amid Middle East Conflict Developments

WHO:

President Trump, U.S. Defense Secretary Pete Hegseth, Stephen Innes of SPI Asset Management, David Johnson, CEO of Vervent

Companies: Oracle, Nio

WHAT:

Asian shares advanced but later gave up gains; Tokyo's Nikkei 225 gained 1.3% to 54,926.50; South Korea's Kospi rose 0.6% to 5,562.40; Hong Kong's Hang Seng fell 0.2% to 25,921.02; Shanghai Composite index edged up 0.2% to 4,131.39; Australia's S&P/ASX 200 rose 0.6% to $8,743.50; Taiwan's benchmark climbed 4.1%; Sensex in India fell 1.1%; SET in Bangkok gained 1.3%.

Oil prices: Brent crude down 2 cents to $87.78; U.S. benchmark crude gained 53 cents to $83.98 per barrel; oil prices dropped from nearly $120 per barrel.

Oracle's shares surged 12% after reporting earnings and revenue jumped 20% in the last quarter.

Nio's fourth-quarter vehicle deliveries increased 71.7% to 124,807 units; revenue rose 75.9% to 34,650.2 million yuan ($4,954.9 million); vehicle margin improved to 18.1% from 13.1%.

WHERE:

Locations: Tokyo, Japan; South Korea; Hong Kong; Shanghai, China; Australia; Bangkok, Thailand; Strait of Hormuz

WHEN:

The war with Iran has entered its 11th day as of March 11th, 2026.

Oil prices peaked on March 9th, 2026, at nearly $120 per barrel.

Nio's fourth-quarter results pertain to the period ending December 31st, 2025.

WHY:

Concerns that the war could block the global flow of oil and natural gas; President Trump expressed a desire to keep the Strait of Hormuz open; rising oil prices act as a tax on the economy, slowing consumer demand.

HOW:

U.S. military actions included taking out more than a dozen minelaying Iranian vessels; emergency crude reserves may be tapped by a group of countries to mitigate disruption.

(UPDATED March 11, 2026 11:13 UTC)

Today marks the 11th day of the ongoing war with Iran, which has raised concerns about the potential blockage of the global flow of oil and natural gas. In financial news, Oracle's shares surged 12% after reporting a 20% jump in earnings and revenue, while Nio saw a remarkable 71.7% increase in fourth-quarter vehicle deliveries, bringing their total to 124,807 units. Meanwhile, Asian shares experienced a mixed day, with Tokyo's Nikkei 225 gaining 1.3% to close at 54,926.50, while oil prices have fluctuated, with Brent crude down slightly to $87.78 per barrel after peaking at nearly $120 just two days ago.