Mount Fuji and the Shinjuku skyline in Tokyo, Japan on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty Images
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Asia-Pacific markets rose on Tuesday after signs that the conflict in the Middle East was easing eased investor concerns following a sharp slide in oil prices.
US President Donald Trump said he had directed the US military to delay planned attacks on Iran’s power plants and energy facilities for five days after discussions with Iranian officials.
However, Iranian state media disputed Trump’s account in a Telegram post, citing an unnamed senior security official who denied that any talks had taken place between Washington and Tehran.
Australian S&P/ASX 200 Up more than 1.32% in early trade.
from japan Nikkei 225 The Chicago contract was set to jump at 52,970 and the futures contract in Osaka at 52,980 compared with the index’s previous close of 51,515.49.
hong kong Hang Seng Index The futures were at 25,020 compared to the index’s last close of 24,382.47.
Oil prices fell on Monday after Trump’s comments.
“I am pleased to report that we have had a very good and productive conversation over the past two days between the United States and the country of Iran regarding a complete and comprehensive resolution of our hostilities in the Middle East,” Trump said in a Truth Social post on Monday.
Crude oil prices remained largely stable in early trade in Asia on Tuesday. U.S. West Texas Intermediate was up about 1.5% at $89.5 a barrel.
Stocks rose overnight in America on Monday.
The Dow Jones Industrial Average jumped 631 points, or 1.38%, to close at 46,208.47. The S&P 500 rose 1.15% and closed at 6,581.00, while the Nasdaq Composite rose 1.38% and closed at 21,946.76.
Before Trump’s comments, posted on true social Early Monday, futures pointed to more losses for equity markets dogged by skyrocketing oil prices and uncertainty about the duration of the Iran conflict. But after Trump’s comments, Dow futures briefly rose more than 1,000 points.
—CNBC’s Sean Conlon and John Meloy contributed to this report.
