Asia-Pacific markets closed mostly lower on Tuesday as investors focused on progress in U.S.-Iran negotiations.
President Donald Trump and his national security team discussed Iran’s proposal to reopen the Strait of Hormuz on the condition that the U.S. lifts the blockade and ends the conflict, White House press secretary Caroline Levitt said on Monday.
President Trump has said sanctions relief would only come if the deal is “100% complete,” but it remains unclear whether he intends to consider the proposal as a path to de-escalation in the two-month-old conflict.
Asked about the report at a press conference Monday afternoon, Levitt said, “I can confirm that the president met with his national security team this morning.”
Japanese Nikkei Stock Average After hitting a new all-time high on Monday, it fell 1.02% to close at 59,917.46, while TOPIX rose 0.99% to 3,772.19. Korean Kospi The small-cap Kosdaq fell 0.86% to 1,215.58.
Japan’s central bank on Tuesday revised its inflation forecast upwards while keeping its policy interest rate unchanged at 0.75% as supply-side risks rise due to the Iran war.
In Australia, S&P/ASX 200 It fell 0.64% to 8,710.7.
hong kong Hang Seng Index The CSI 300 fell 0.27% to 4,758.21, down 0.48% in the last session of trading.
Shares of Chinese optical computing companies light intelligence It soared more than 380% in its debut on Tuesday. The company sold 13.8 million shares at HK$183.20 each, raising total proceeds of about HK$2.53 billion ($323 million), according to the filing.
shares of Modern Amperex technology Shares fell 7% after the company launched a roughly $5 billion stock offering in Hong Kong.
indian nifty 50 The stock was down 0.28% as of 3:25 a.m. ET, while the BSE Sensex was down 0.47%.
US futures rose slightly Dow Jones Industrial Average Futures Add 0.12% or 57 points. S&P500 futures Although it increased by 0.14%, Nasdaq 100 futures Added 0.15%.
In the US market last night, the S&P 500 and Nasdaq Composite hit record highs, but the gains were limited as crude oil prices rose due to stalled peace talks with Iran and renewed tensions in the Strait of Hormuz.
The broader market index rose 0.12% to close at a record level of 7,173.91. The Nasdaq Composite Index rose 0.20% to a record closing price of 24,887.10. Both indexes also hit new highs this session. The Dow Jones Industrial Average fell 62.92 points, or 0.13%, to settle at $49,167.79.
—CNBC’s Sean Conlon and Yun Li contributed to this report.
