Asian benchmarks are mixed in cautious trading amid uncertainty about US-Iran ceasefire talks
Asian shares were mixed in cautious trading as investors watched for next steps in the US-Iran conflict after President Donald Trump extended a ceasefire. The US stock market remained near its record high, indicating optimism that the US and Iran would avoid a worst-case economic scenario.
Asian shares were mixed in cautious trading as investors watched for next steps in the US-Iran conflict. Japan's Nikkei 225 rose 0.3% to 59,530.64, while Australia's S&P/ASX 200 declined 1.2% to 8,841.00. On Wall Street, the S&P 500 fell 0.6% after US Vice President JD Vance called off a trip to Pakistan, where he was expected to lead US negotiators in talks with Iran. President Donald Trump later extended the ceasefire, giving Iran time to submit a proposal to end the war. Oil prices were steady, with US crude falling 19 cents to $89.48 a barrel. The US stock market remained near its record high, set on Friday, indicating investor optimism that the US and Iran would avoid a worst-case economic scenario.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.