Asia-Pacific markets rise after Trump says Israel and Iran agree to ceasefire
Sunset at Shinjuku , Tokyo - Japan.
Xavierarnau | E+ | Getty Images
Asia-Pacific markets rose Tuesday after United States 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 considered, ENDED!" Trump wrote on Truth Social.
However, neither Iran nor Israel has publicly confirmed they have accepted Trump's ceasefire timeline.
Japan's benchmark Nikkei 225 climbed 1.59%, while the broader Topix index rose 1.32%. South Korea's Kospi jumped 2.09% and the small-cap Kosdaq index rose 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.
— CNBC's Lisa Kailan Han contributed to this report.
South Korean stocks jump over 2% on Israel-Iran ceasefire reports
South Korean stocks rose Tuesday, leading gains in the Asia-Pacific region after U.S. President Donald Trump claimed that Israel and Iran agreed to a ceasefire.
As of 9.08 a.m. local time, the Kospi index rose 2.1% to hit the highest level since 2021, reversing course from losses in its previous session.
Among the index heavyweights, LG Energy Solution rose over 3%, while SK Hynix gained 5.97%. Samsung Electronics rose 3.62%.
Meanwhile, the small-cap Kosdaq index was last seen trading 1.71% higher.
—Lee Ying Shan
Cryptocurrencies rally on reports of Israel-Iran ceasefire timeline
Bitcoin rose over 1.65% to $105,538 in early Asia hours on reports that Iran and Israel had agreed to a ceasefire timeline. Ether jumped over 3% to $2,426.85.
On Sunday, Bitcoin dropped below the $99,000 mark — its lowest level in more than a month — after the U.S. launched attacks on Iranian nuclear sites. Ether had also plunged over 10% at one point.
—Lee Ying Shan, MacKenzie Sigalos
Stocks close higher
Stocks closed higher while oil tumbled on Monday, with investors largely shaking off escalating tensions in the Middle East.
The S&P 500 added 0.96% to finish the session at 6,025.17, while the Nasdaq Composite climbed 0.94% to 19,630.97. The Dow Jones Industrial Average gained 374.96 points, or 0.89%, to close at 42,581.78.
U.S. crude oil futures slipped more than 7% to settle at $68.51 per barrel, after hitting their highest level since January overnight.
— Brian Evans
Trump announces an Israel-Iran ceasefire timeline that he says will end the war
Trump announced on his social media platform that Israel and Iran have agreed to a "Complete and Total CEASEFIRE" that will begin around midnight Tuesday.
Representatives for Israel and Iran did not immediately appear to confirm the agreement.
Read Trump's full Truth Social post:
CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED! Officially, Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE and, upon the 24th Hour, an Official END to THE 12 DAY WAR will be saluted by the World. During each CEASEFIRE, the other side will remain PEACEFUL and RESPECTFUL. On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to end, what should be called, "THE 12 DAY WAR." This is a War that could have gone on for years, and destroyed the entire Middle East, but it didn't, and never will! God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!
— Kevin Breuninger
U.S. crude prices tumble 7%
In an aerial view, the LyondellBasell Houston refinery is seen at sunset on June 18, 2025 in Houston, Texas.
Brandon Bell | Getty Images News | Getty Images
Crude prices tumbled Monday after Iran's response to U.S. attacks was more muted than traders feared. West Texas Intermediate futures settled more than 7% lower at $68.51 per barrel.
"I think people realize that things in the Middle East will eventually de-escalate and will be in place of a much safer, a much more stable Middle East and world as a whole," Energy Secretary Chris Wright told CNBC on Monday as oil sold off, crediting President Donald Trump's foreign policy.
— Spencer Kimball
Latest World News copy
- Iran refutes Trump's claims of ceasefire deal with Israel, but signals readiness to end hostilities: Live updatesIsrael has not publicly confirmed that they have accepted Trump's ceasefire timeline.
- CNBC Daily Open: The strange times of missiles-led 'peace'Could tensions in the Middle East cool down following a carefully calibrated and symbolic exchange of strikes?
- Airlines divert, cancel more Middle East flights after Iran attacks U.S. military baseAirlines diverted flights in the Middle East on Monday after Iran's armed forces said the country launched a missile strike on a U.S. military base in Qatar.
- How a war-torn Myanmar plays a critical role in China's rare earth dominanceWhile China has a near monopoly on rare earth element processing and refining, it has quietly become reliant on raw materials from the war-torn Myanmar.
- How high oil could go if Iran closes the Strait of Hormuz, according to Goldman Sachs and othersEnergy analysts warn that investors shouldn't be complacent about the risk to oil supplies as the conflict in the Middle East escalates.
- Oil prices fall nearly 3% after Iran strike on U.S. base in Qatar leaves no reported casualtiesOil markets are reacting to the effect of a U.S. decision to directly enter the Iran-Israel conflict.