Asian Markets Mixed Amid US Iran Negotiation Hopes

ISLAMABAD: (Web Desk) – Asian stock markets showed mixed performance on Tuesday as oil prices eased slightly following optimism surrounding possible diplomatic progress between the United States and Iran. However, elevated crude prices continued to limit investor confidence.

Energy markets remained the primary focus after US President Donald Trump signaled that “serious negotiations” with Tehran were underway and announced a delay in planned military action, raising hopes for a diplomatic breakthrough.

The ongoing conflict involving the United States and Israel has disrupted regional stability and effectively impacted movement through the Strait of Hormuz, a key route for global oil exports.

Trump stated that leaders from Qatar, Saudi Arabia, and the United Arab Emirates had urged restraint while negotiations continue. Despite signs of progress, he warned that military action remains an option if talks fail.

Oil prices slipped slightly amid hopes of diplomacy, although markets remained volatile due to uncertainty surrounding the region. Brent crude traded near $109 per barrel, while West Texas Intermediate hovered around $107.

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Stock market performance across Asia remained uneven. Nikkei 225 in Tokyo edged lower despite stronger-than-expected economic growth figures from Japan. South Korea’s Kospi recorded sharper losses, while markets in Shanghai, Taipei, and Jakarta also declined. Meanwhile, Hong Kong, Sydney, and Wellington posted gains.

Investors also continued moving toward safe-haven assets, with gold and silver prices rising slightly, reflecting ongoing caution in global financial markets.

Attention is now turning toward quarterly earnings from Nvidia, as investors closely monitor whether heavy spending on artificial intelligence infrastructure will deliver expected returns.