Asia-Pacific markets rose on Tuesday after U.S. President Donald Trump announced that Iran and Israel have agreed to a ceasefire.
"It has been fully agreed by and between Israel and Iran that there will be a Complete and Total Ceasefire… for 12 hours, at which point the War will be deemed OVER!" Trump wrote on Truth Social.
However, neither Iran nor Israel has publicly confirmed that they have accepted Trump's ceasefire timetable.
Japan's benchmark Nikkei 225 rose 1.59%, while the broader Topix index gained 1.32%. South Korea's Kospi jumped 2.09% and the small-cap Kosdaq index gained 1.71%. Australia's S&P/ASX 200 traded 0.69% higher.
Hong Kong's Hang Seng Index rose 1.38%, while mainland China's CSI 300 was flat.
U.S. futures rose after Trump's announcement. Futures tied to the Dow Jones Industrial Average rose 134 points, or 0.3%. S&P 500 futures rose 0.4%, while Nasdaq 100 futures rose 0.6%.
Overnight domestically, the three major indexes closed higher as investors took comfort that Iran's response to the U.S. attack over the weekend was more restrained than expected. The Dow Jones Industrial Average rose 374.96 points, or 0.89%, to end at 42,581.78. The S&P 500 gained 0.96% to close at 6,025.17, while the Nasdaq Composite gained 0.94% to close at 19,630.97. (alg)
Source: CNBC
European stocks opened lower on Wednesday (November 5th), reflecting a global downturn amid growing concerns over sky-high tech valuations. The pan-European Stoxx 600 Index was down 0.4% at 8:20 a.m....
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial intelligence (AI) stocks. Shares of Palantir, a major pl...
US stocks tumbled on Tuesday, with the S&P 500 down 1.1%, the Nasdaq shedding 2.1%, and the Dow losing about 240 points, as investors grew increasingly uneasy over stretched valuations in AI-drive...
European stocks slipped mostly lower Tuesday, with investors locking in some profits on the back of an uncertain economic outlook and with more corporate earnings to digest. The DAX index in Germany ...
Stocks fell Tuesday, pressured by declines in artificial intelligence-related names like Palantir as investors grow increasingly concerned about valuations in the bull market-leading shares. The Dow ...
Employment at US companies rose in October, signaling stabilization in the labor market after two straight months of declines. Private-sector jobs increased by 42,000 after a revised 29,000 decline in the previous month, according to ADP Research...
American consumers struggling to access food assistance payments due to the government shutdown are unable to fill their shopping carts, and that's "hurtful," according to the company behind Stop & Shop and Food Lion grocery stores. The US...
Gold prices rose more than 1% on Wednesday (November 5), with a slight weakening of the US dollar and widespread risk-off sentiment boosting demand. Spot gold rose 0.8% to $3,966.54 per ounce as of 10:44 GMT. US gold futures for December delivery...
Asian stocks opened lower on Tuesday, reversing Wall Street's rally fueled by Amazon's massive $38 billion deal with OpenAI. Stock markets in South...
The economic activity in the United States' (US) manufacturing sector continued to contract in October, with the Institute for Supply Management's...
European stocks opened slightly higher in November, with the STOXX 50 and STOXX 600 gaining 0.2%, after closing near record highs in October....
Asia-Pacific markets declined on Wednesday, following a decline on Wall Street, which was driven by concerns about the valuations of artificial...