Asian stocks today: Markets mixed as US-Iran talks offset geopolitical jitters

Asian markets traded mixed connected Tuesday arsenic investors weighed caller hopes of imaginable US-Iran bid talks against lingering geopolitical risks and elevated lipid prices, portion exertion shares lent enactment to cardinal determination indices.Tokyo’s Nikkei 225 roseate 1.1 per cent to 59,485.54, driven by beardown gains successful exertion counters. As per quality bureau AP, chip-related heavyweight Tokyo Electron climbed 4.4 per cent, portion SoftBank Group precocious 5.5 per cent. South Korea’s Kospi jumped 1.8 per cent to 6,327.73, portion Taiwan’s Taiex gained 1.7 per cent.In contrast, markets successful Greater China remained subdued. Hong Kong’s Hang Seng edged 0.1 per cent little to 26,382.30, portion China’s Shanghai Composite slipped 0.3 per cent to 4,068.28. Australia’s S&P/ASX 200 was down 0.1 per cent astatine 8,942.80.

Iran talks, lipid prices successful focus

Investor sentiment remained tied to developments successful the US-Iran conflict, with uncertainty implicit whether talks to extremity the warfare volition proceed this week.MSCI’s broadest scale of Asia-Pacific shares extracurricular Japan roseate 0.9 per cent, arsenic optimism grew that Iran whitethorn inactive be negotiations successful Pakistan. However, markets remained cautious aft the US Navy’s seizure of an Iranian cargo vessel raised tensions further.

Oil prices, though somewhat disconnected caller highs, continued to hover astatine elevated levels. Brent crude slipped 0.4 per cent to astir $95.10 a barrel, portion US benchmark crude eased 0.9 per cent to $86.66 per barrel. The marketplace continues to ticker disruptions astir the Strait of Hormuz, a captious way for astir one-fifth of planetary lipid supply.Overnight, US markets ended somewhat lower. The S&P 500 fell 0.2 per cent, the Dow Jones was marginally lower, and the Nasdaq Composite declined 0.3 per cent, snapping a 13-day winning streak.Analysts said the adjacent cardinal trigger for Asian equities volition beryllium whether diplomacy prevails earlier the ceasefire deadline expires, with markets apt to stay volatile until determination is greater clarity.