"The days with the highest risk were the ones following Soleimani's death," said Steven Wong, senior investment analyst at Harris Fraser Group. "Actions that could crash the global stock market should come to an end for now."
The Nikkei Asia300 Index added 1.3%, while U.S. equity futures pointed to a stronger opening on Wall Street.
"Global news flow is good and valuations are low," said Steven Wong, an investment analyst at Harris Fraser Group. "Market fundamentals are not that weak."
The Hong Kong property market is expected to see prices fall by eight to 13 percent in the next few months after a loss of confidence spawned by economic and political uncertainties, according to wealth management company Harris Fraser.
Harris Fraser explored Hong Kong's 2019-22 property market trends in a market outlook report, expecting Hong Kong's overall demand for property units to exceed the supply with a continual market uptrend.
Local home prices are expected to fall by 8 to 13 percent in the next few months due to weak market confidences amid economic and political uncertainties, Steven Wong, investment analyst at Harris Fraser said.
