On January 28, 2025, the Nikkei Stock Average is displayed on an electronic securities board outside a securities company in Tokyo.
Toru Hanai | Bloomberg | Getty Images
Asia-Pacific markets were set to open mostly higher as investors assessed the impact of President Donald Trump’s decision to halt attacks on Iran for two weeks.
In a post on Truth Social, President Trump said, “I agree to a two-week moratorium on bombing and attacks on Iran.” “We have received a 10-point proposal from Iran that we believe provides a viable basis for negotiations.”
However, the “two-sided” ceasefire was conditional on Iran agreeing to reopen the Strait of Hormuz. Meanwhile, the Iranian government has agreed to reopen the waterway for the next two weeks if attacks on the country cease, according to a statement from Iran’s foreign minister. According to media reports, Israel has also agreed to a ceasefire.
But Iranian Parliament Speaker Mohammad Bagher Ghalibaf late Wednesday accused the United States of violating the ceasefire agreement. He said the violations included the denial of the Islamic Republic’s right to enrich uranium, Israel’s continued attacks on Lebanon, and the entry of drones into Iranian airspace.
Nikkei futures in Chicago were trading at 56,735 and Nikkei futures in Osaka were trading at 57,000. It was compared with Nikkei 225 Last closing price was 56,308.42.
Hang Seng futures traded at 25,859, while the index’s last closing price was 25,893.02.
In Australia, futures last traded at 8,967.0. S&P/ASX 200The closing price was 8,951.80.
S&P 500 futures and Nasdaq 100 futures fell 0.1%. Futures, which track the Dow Jones Industrial Average, fell 32 points, or less than 0.1%.
US stocks soared overnight after President Donald Trump halted attacks on Iran for two weeks and suspended a five-week conflict that has shut down a critical waterway for global energy supplies.
The Dow Jones Industrial Average rose 1,325.46 points, or 2.85%, to 47,909.92. It was the best day for the benchmark since April 2025, when President Trump first reversed the severity of his initial tariff announcements.
The S&P 500 rose 2.51% to 6,782.81 and the Nasdaq Composite rose 2.80% to 22,635.00.
— Sarah Min, John Melloy and Lisa Kailai Han contributed reporting
