Asia markets trade mixed as expectations for diplomacy with Iran rise, after US President Donald Trump says he has paused a planned attack to allow negotiations. Several reports describe regional equity gains alongside areas of softness, with trading conditions influenced by oil-price moves. Oil prices fall sharply, with multiple outlets attributing the move to reduced near-term risk premium following Trump’s comments and his indication that an agreement could be reached. Asian share performance is cited in some markets such as Japan’s Nikkei 225, which rises strongly in morning trading, while others show more modest increases or flat results. Reports note that negotiations are described by Trump as proceeding in an orderly and constructive manner, and regional officials tell the Associated Press that the US is close to a deal. Mentioned elements of a potential settlement include ending the war, reopening the Strait of Hormuz, and Iran giving up its stockpile of highly enriched uranium. Trading is affected by holidays in some Asian financial centres and the US Memorial Day closure, limiting how broadly markets are open. Bitcoin is also referenced as staying more cautious than other assets as markets respond to Iran-related peace hopes.
Asia markets mixed as Trump pauses planned Iran attack and signals peace talks progress
Asia markets trade mixed as expectations for diplomacy with Iran rise, after US President Donald Trump says he has paused a planned attack to allow negotiations. Several reports describe regional equi...
- US President Donald Trump says he pauses a planned attack on Iran to allow negotiations.
- Trump says there is a “very good chance” (or similar wording) of reaching an agreement to prevent Iran from obtaining a nuclear weapon.
- Asian stock markets trade mostly higher in some places (including Japan’s Nikkei) but overall performance is mixed.
- Oil prices decline after Trump’s comments, reflecting reduced expectations of immediate conflict.
- Reports cite officials indicating the US is close to a deal involving ending the war, reopening the Strait of Hormuz, and addressing Iran’s highly enriched uranium stockpile.
Asia-Pacific markets were set to open mixed on Tuesday as investors weighed renewed uncertainty over U.S.-Iran peace negotiations.
2 months agoAsia-Pacific markets were set to open mixed on Monday as investors monitored lingering uncertainty around U.S.-Iran negotiations.
2 months agoOil prices and bond yields have opened the week sharply lower following President Trump's weekend announcement of an imminent Middle East agreement.
2 months agoTOKYO (AP) — Asian shares mostly gained Monday and oil prices fell after U.S. President Donald Trump said peace talks with Iran are progressing. Japan’s benchmark Nikkei 225 surged 3.1% in morning trading to 65,321.56. Meanwhile, Australia’s S&P/ASX 200 added 0.4% to 8,692.70, and the Shanghai Composite edged up 0.4% to 4,127.53. Trading was closed […]...Keep on reading: Asian shares rise, oil prices fall as Trump hints at Iran peace talks
3 months agoAsian shares mostly rose Monday and oil prices plunged after US President Donald Trump said talks on ending the war with Iran are progressing. Japan's benchmark Nikkei 225 surged 3.1 per cent in morning trading to 65,321.56. Australia's S&P/ASX 200 added 0.4 per cent to 8,692.70. The Shanghai Composite edged up 0.4 per cent to 4,127.53. Trading was closed in South Korea and Hong Kong for holidays marking Buddha's birthday. Trading will be closed in the US on Monday for Memorial Day. Trump said negotiations with Iran were "proceeding in an orderly and constructive manner." Meanwhile, regional officials told The Associated Press on Sunday that the United States is close to reaching a deal with Iran that would end the war, reopen the Strait of Hormuz and see Iran give up its stockpile of highly enriched uranium, Reopening the Strait of Hormuz will help decide the direction of oil prices. The closure has prevented oil tankers from exiting the Persian Gulf and delivering crude to ...
3 months ago
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