A pedestrian stands in front of an electronic market board displaying the Nikkei Stock Average on the Tokyo Stock Exchange on a street in Tokyo on March 23, 2026.
Kazuhiro Nogi | AFP | Getty Images
Asia-Pacific markets traded mixed on Tuesday, with oil prices rising but falling slightly on news that President Donald Trump would postpone a planned attack on Iran.
International benchmark Brent crude oil futures for July delivery were down 1.3% at $110.60 a barrel as of 4:25 a.m. ET. West Texas Intermediate futures fell 0.06% to $108.59 per barrel.
Investors are evaluating Japan’s first-quarter GDP data, which showed the economy grew at an annualized rate of 2.1% in the first three months of the year. The growth rate was significantly higher than the average analyst estimate of 1.7% polled by Reuters, and above the 1.3% rate seen in the previous quarter. These numbers do not capture the full impact of the Iran war, which began in late February.
Japanese Nikkei Stock Average The stock gave up early gains and closed 0.44% lower at 60,550.59.
The summit meeting between Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae-myung that will take place later today will also be a focus. South Korea’s Kospi extended its early decline, dropping more than 3% to 7,271.66.
australian S&P/ASX 200 It closed 1.17% higher at 8,604.70.
Mainland China’s CSI300 index rose 0.4% to 4,852.88, while Hong Kong’s Hang Seng index rose 0.48% to 25,797.85.
India’s Nifty 50 rose 0.18%. Shares of companies linked to Gautam Adani rose after the US dropped fraud charges against the Indian billionaire. Adani Enterprises Although it increased by 1.79%, adani green Added 1.81%.
President Trump said in a post on Truth Social that U.S. military leaders have been told to call off “the attack on Iran scheduled for tomorrow” after requests from the leaders of Qatar, Saudi Arabia, and the United Arab Emirates.
President Trump added, “There will be a deal. It will be very acceptable not only to the United States, but to countries in the Middle East and beyond. Importantly, this deal will include no nuclear weapons in Iran!”
However, President Trump warned military leaders that “if we do not reach an acceptable agreement, we must immediately prepare to launch a full-scale, large-scale attack on Iran.”
Despite the fragile ceasefire between the US and Iran, the vital Strait of Hormuz remains blocked by Tehran, and the US continues to block Iranian ports.
“As the Middle East conflict enters its third month, there is little prospect of a swift and lasting resolution between the United States and Iran, and a corresponding full reopening of the Strait of Hormuz,” Moody’s said in a note.
S&P 500 index futures rose 0.1% and Nasdaq 100 futures rose 0.2%. Dow Jones Industrial Average futures rose 25 points, or 0.05%.
During Monday’s regular trading session, the overall market S&P500 The benchmark fell 0.07% to end at 7,403.05. Nasdaq It fell 0.51% to close at 26,090.73. Both indexes fell for the second consecutive day. of Dow Jones Industrial Average It closed 159.95 points (0.32%) higher at 49,686.12.
—CNBC’s Lisa Kailai Han, Kevin Breuninger, Sean Conlon, Fred Imbert and Lim Hui Jie contributed to this report.
