Electronic stock board inside the Kabutowan Building in Tokyo, Tuesday, January 28, 2025.
Toru Hanai | Bloomberg | Getty Images
Asia-Pacific markets were broadly higher on Wednesday, tracking gains in U.S. stocks overnight as hopes for a diplomatic solution to the Middle East conflict grew.
A White House official told CNBC on Tuesday that a second round of negotiations is under consideration between Washington and the Iranian government. Nothing is officially scheduled yet, the official said, speaking on condition of anonymity to discuss internal administration planning.
“We’re being called from the other side,” President Donald Trump said Monday. “They very much want an agreement,” he added.
Trading in oil prices was volatile. West Texas Intermediate was flat at $91.33 per barrel as of 3:32 a.m. ET. Brent crude oil rose 0.40% to $95.17 per barrel.
South Korea’s Kospi rose 2.07% to close at 6,091.39, while the small-cap Kosdaq rose 2.72% to close at 1,152.43. Shares of information technology service provider Samsung SDS rose 17.89% on news that private equity firm KKR will buy the company’s convertible bonds for $820 million.
Japan’s Nikkei Stock Average rose 0.44% to end at 58,134.24, while the TOPIX rose 0.4% to end at 3,770.33. shares of Suntory Beverage & Food rose 1.24% after the Nikkei report that the parent company will acquire the stock. Daiichi Sankyo‘s OTC drug division will expand its health business by approximately $1.2 billion.
Mainland China’s CSI300 index bucked regional gains to close 0.34% lower at 4,68525, while Hong Kong’s Hang Seng index rose 0.43% in the last hour of trading. According to Reuters, China’s Ministry of Finance announced on April 22 that it will issue 15.5 billion yuan in bonds in Hong Kong.
indian nifty 50 The price rose 1.56% on Tuesday, which was a holiday. Australia’s S&P/ASX 200 ended flat today.
