The Korea Times
NEW YORK — Stocks are rushing higher worldwide, and oil prices are easing Wednesday as hopes build that the war with Iran could end soon. That's even though some of the signals investors saw as hopeful are already under dispute, and several prior bouts of optimism in financial markets quickly got undercut by continued, fierce fighting in the war. The S&P 500 rose 0.8 percent and added to its leap from the day before, which was its best since last spring. That followed even bigger gains for stock markets across Europe and Asia, including an 8.4 percent surge in South Korea, which were catching up to Wall Street’s rally from Tuesday. The Dow Jones Industrial Average was up 357 points, or 0.8 percent, as of 10:45 a.m. Eastern time, and the Nasdaq composite was 1.2 percent higher. Oil prices also fell back toward $100 per barrel after President Donald Trump claimed shortly before Wall Street began trading that Iran “has just asked the United States of America for a CEASEFIRE!” “We will consider when Hormuz Strait is open, free, and clear. Until then, we are blasting Iran into obliv
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