STI closes 1.9% higher while the Nikkei jumps 5.2%

[SINGAPORE] Asia markets rose on Wednesday (Apr 1) after US President Donald Trump said on Tuesday that the US could end its military campaign against Iran within two to three weeks.

The Straits Times Index (STI) rose almost 2 per cent shortly after market open at 9.13 am, before closing 1.9 per cent higher.

In Malaysia, the KLCI rose 1.1 per cent over the day, while the Jakarta IDX Composite gained 1.9 per cent.

Hong Kong’s Hang Seng Index added 2 per cent and Shanghai’s CSI 300 advanced 1.7 per cent.

Japan’s Nikkei 225 closed 5.2 per cent up, while the broader Topix gained 5 per cent. South Korea’s Kospi ended the day 8.4 per cent higher.

In Singapore, one of the more actively traded counters by volume was CapitaLand Integrated Commercial Trust : C38U +1.31%, which was up 2.2 per cent at S$2.34, after nearly 11.9 million units changed hands shortly after market open. It pared some gains to close 1.3 per cent higher at S$2.32, with 34.2 million units traded.