Asian markets trade higher as oil prices drop sharply. Multiple reports say crude prices fall by more than 4% after the United States and Iran pause attacks for a second consecutive night, easing immediate concerns about supply disruption. In equities, most Asian benchmarks are higher in early trading. Shares gain broadly even as investors monitor developments in the Middle East. A notable individual mover is Chinese chip designer CXMT, which rises strongly following its Shanghai debut, drawing attention from traders. The coverage links the relatively supportive risk sentiment in Asia to the lower oil price environment, with investors turning to stocks while the immediate escalation risk appears reduced. Overall, the story focuses on the combination of declining energy prices tied to a temporary de-escalation and steadier performance across regional markets, alongside the high-profile stock launch of CXMT in Shanghai.