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18 April 2024

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Asia-Pacific markets rise after Iran-Israel ceasefire goes into effect

24-06-2025 11:48 AM


Ammon News - Asia-Pacific markets rose Tuesday after United States President Donald Trump said that the Iran-Israel ceasefire he announced earlier was in effect, following the Iranian state-linked media saying that Tehran had fired its “last round” of missiles at Israel.

“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!,” Trump posted on Truth Social at 1:08 a.m. Eastern Time.

Israel has not made a public comment on Trump’s claim of a ceasefire.

Japan’s benchmark Nikkei 225 climbed 1.17%, while the broader Topix index rose 0.75%. South Korea’s Kospi jumped 2.71% and the small- ap Kosdaq index rose 1.96%. Australia’s S&P/ASX 200 traded 1% higher.

Hong Kong’s Hang Seng index rose 1.91%, while mainland China’s CSI 300 was 1.13% higher.

U.S. futures took a leg higher following Trump’s announcement. Futures tied to the Dow Jones Industrial Average added 134 points, or 0.3%. S&P 500 futures gained 0.4%, while Nasdaq 100 futures rose 0.6%.

Overnight stateside, the three major averages closed higher as investors breathed a sigh of relief that Iran’s response to the U.S. attacks over the weekend was more restrained than expected. The Dow Jones Industrial Average added 374.96 points, or 0.89%, ending at 42,581.78. The S&P 500 gained 0.96% and closed at 6,025.17, while the Nasdaq Composite climbed 0.94% and settled at 19,630.97. CNBC




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