Trending Now - Asian Markets Retreat Following South Korea's Record Surge

WHO:

investingLive - President Trump signaled diminishing patience with Iran.

investingLive - Israeli officials were said to be on high alert.

WHAT:

investingLive - South Korea's KOSPI hit an all-time high of 8,046.78 before falling more than 2%.

investingLive - The KOSPI remained more than 3% higher for the week and was on track for a sixth consecutive weekly gain.

investingLive - Trump stated he would not be much more patient with Iran and urged Tehran to reach a deal with Washington.

investingLive - Trump suggested Iran's enriched uranium could be entombed but expressed a preference for its removal.

investingLive - US stock futures turned lower following Trump's remarks.

investingLive - Reports emerged that Washington informed Israel of the possibility that Trump could order strikes inside Iran.

WHERE:

investingLive - South Korea's KOSPI index.

investingLive - The Strait of Hormuz, a key oil shipping route.

WHEN:

investingLive - Trump's comments were made during a Fox News interview aired Thursday night.

WHY:

investingLive - Trump's comments on Iran were seen as a material escalation in rhetoric, injecting fresh geopolitical risk into oil markets.

investingLive - The market reaction was attributed to Trump's comments, which shifted market sentiment and triggered a reversal from record highs.

HOW:

investingLive - The KOSPI's sharp reversal was a direct response to geopolitical headlines and Trump's remarks regarding Iran.

(UPDATED May 15, 2026 17:30 UTC)

President Trump has signaled a diminishing patience with Iran, urging Tehran to reach a deal with Washington and suggesting that its enriched uranium could be entombed, though he prefers its removal. This escalation in rhetoric has led to heightened alert among Israeli officials and a drop in US stock futures, while South Korea's KOSPI index, despite hitting an all-time high of 8,046.78, fell more than 2% in response to the geopolitical tensions. The KOSPI remains over 3% higher for the week and is on track for a sixth consecutive weekly gain, reflecting the market's volatility amid these developments.