President Donald Trump has announced an indefinite extension of the ceasefire with Iran, providing relief to investors. This development, combined with robust corporate results in the United States, lifted Wall Street to record highs and set the stage for a positive open across Asian markets.
Despite the initial momentum, shares in Asia remained mixed during cautious trading. Investors continue to monitor the situation and watch for the next steps in the conflict between the U.S. and Iran.
Markets are also weighing the long-term implications of lost crude supply and the ongoing closure of the Strait of Hormuz, particularly for energy-importing countries in Asia. Meanwhile, oil prices have remained little changed as participants await further developments.