Asia markets mixed as hopes for Iran peace talks offset Trump threat of escalation
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In this articleAsia-Pacific markets opened mixed Tuesday amid hopes for a resolution to the Middle East conflict, even as tensions between Iran and the U.S. continue to simmer."Trump, by imposing a siege and violating the ceasefire, seeks to turn this negotiating table— in his own imagination— into a table of surrender or to justify renewed warmongering," Iran's parliament speaker Mohammad Bagher Ghalibaf said in a X post."We do not accept negotiations under the shadow of threats, and in the past two weeks, we have prepared to reveal new cards on the battlefield," Ghalibaf, who is also Iran's top negotiator, added.This comes after President Donald Trump on Monday said "lots of bombs [will] start going off" if no deal is reached before a shaky ceasefire with Tehran expires Tuesday evening, threatening Iran with overwhelming military force.The threats come even as a U.S. delegation prepared to return to Pakistan for a potential second round of peace talks.Investors remain bullish on the broader picture ahead for equities. Ohsung Kwon, chief equity strategist at Wells Fargo, said on CNBC's "Closing Bell: Overtime" on Monday afternoon. "I think the economy is going to be fine for the next three months."West Texas Intermediate futures for May delivery was 1.51% lower at $88.26 per barrel as of 9:34 p.m. ET. Brent crude futures for June delivery fell 0.48% to $95.01 per barrel. South Korea's Kospi extended early gains to advance 2.11% while the small-cap Kosdaq inched lower. Japan's Nikkei 225 gained 1.15%, while the Topix was marginally higher. Australia's S&P/ASX 200 gave up early gains and was down 0.24%. Mainland China's CSI300 index was trading 0.21% lower, while Hong Kong's Hang Seng index gained 0.46%. Victory Giant, one of Nvidia's printed-circuit-board suppliers, debuted on the Hong Kong Stock Exchange, advancing over 50% of its initial offering of HK$209.88. The company was seeking to raise $2.24 billion in the city's largest IPO since Zijin Gold last September. Overnight on Wall Street, S&P 500 futures and Nasdaq 100 futures added 0.1% and 0.2%, respectively. Futures tied to the Dow Jones Industrial Average rose by 70 points, or 0.2%.During Monday's regular session, the S&P 500 shed 0.24% to close at 7,109.14, while the Nasdaq Composite declined 0.26% to finish at 24,404.39, with the latter snapping its 13-day winning streak — its longest positive streak since 1992.
The Dow Jones Industrial Average lost 4.87 points, or 0.01%, settling at 49,442.56. — CNBC's Kevin Breuninger, Lisa Kailai Han, Sean Conlon and Fred Imbert contributed to this report.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.
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