Asia-Pacific markets rise after Trump says Israel and Iran ceasefire is in effect

Asia-Pacific markets rose Tuesday after United States President Donald Trump said that the Iran-Israel ceasefire he announced earlier was in effect, following the Iranian state-linked media saying that Tehran had fired its “last round” of missiles at Israel.

“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!,” Trump posted on Truth Social at 1:08 a.m. Eastern Time.

Israel has not made a public comment on Trump's claim of a ceasefire.

Japan's benchmark Nikkei 225 climbed 1.17%, while the broader Topix index rose 0.75%. South Korea's Kospi jumped 2.71% and the small-cap Kosdaq index rose 1.96%. Australia's S&P/ASX 200 traded 1% higher.

Hong Kong's Hang Seng index rose 1.91%, while mainland China's CSI 300 was 1.13% higher.

U.S. futures took a leg higher following Trump's announcement. Futures tied to the Dow Jones Industrial Average added 134 points, or 0.3%. S&P 500 futures gained 0.4%, while Nasdaq 100 futures rose 0.6%.

Overnight stateside, the three major averages closed higher as investors breathed a sigh of relief that Iran's response to the U.S. attacks over the weekend was more restrained than expected. The Dow Jones Industrial Average added 374.96 points, or 0.89%, ending at 42,581.78. The S&P 500 gained 0.96% and closed at 6,025.17, while the Nasdaq Composite climbed 0.94% and settled at 19,630.97.

Trump says ceasefire 'is in effect,' urging not to violate it

U.S. President Donald Trump said in a social media post Tuesday that the ceasefire was “in effect,” urging that it should not be violated.

“THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!,” he posted on Truth Social at 1:08 a.m. Eastern Time.

Trump had earlier said that the the ceasefire would begin at 12:00 a.m. Eastern Time for Iran, while the ceasefire for Israel would apply 12 hours later.

Tehran fired multiple waves of missiles at Israel in the final hours before the ceasefire deadline for Iran announced by Trump took effect.

Oil prices fall over 2% after Iran strike on U.S. base in Qatar leaves no reported casualties

Oil prices extended declines Tuesday, a day after Iran's missile strike on a U.S. airbase in Qatar left no reported casualties, raising investors' hopes of de-escalation of the Middle East conflict.

U.S. crude oil prices were last down 2.35% at $66.9 per barrel, while global benchmark Brent fell 2.25% to $69.87. Prices are now at levels below that of June 13, when Israel attacked Iran.

On Monday, Iran launched a missile strike on the Al-Udeid Air Base in Qatar in retaliation against U.S. strikes on its most important nuclear sites over the weekend, according to a NBC News translation of Iranian state TV.

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.

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.

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.

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!

—

U.S. crude prices tumble 7%

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.