
APAC markets mixed amid ceasefire uncertainty

Asia-Pacific markets traded mixed on Thursday, with Japan and South Korea benchmarks trading at all-time high valuations as investors balanced a positive lead from Wall Street against ongoing uncertainty surrounding negotiations between the United States and Iran. Trump extended a two-week ceasefire earlier in the week, citing what he described as a “seriously fractured” government in Tehran. He indicated the ceasefire would remain in place until Iran submitted a proposal or discussions concluded, while U.S. military forces would continue enforcing a blockade on Iranian ports. However, the outlook for diplomatic progress remains unclear. Iranian state media reported that Tehran’s negotiators would not participate in further talks, describing them as a “waste of time”. Tensions in the region were further heightened after Iran’s navy said it had seized two container ships in the Strait of Hormuz. By 11 am AEST (1 am GMT), Australia’s S&P/ASX 200 had fallen 0.5%, while Japan’s Nikkei 225 traded 0.4% higher, and South Korea’s KOSPI 200 added 1.9%. Economic data releases across the region painted a mixed picture of growth and sentiment. South Korea’s economy expanded at its fastest quarterly pace in more than five







