Jakarta \u2014 Asia-Pacific stock markets opened broadly higher on Tuesday\nas world oil prices retreated after United States President Donald Trump\npostponed a military strike on Iran. Market participants said the move\ncould reduce the risk of a broader Middle East escalation that has\nweighed on global sentiment in recent months.<\/p>\n
Crude oil prices: West Texas Intermediate (WTI) futures for June fell\n1.27% to US$107.28 a barrel by 20:01 ET. Brent crude futures for July\nweakened 2.67% to US$109.11 a barrel.<\/p>\n
Investors also tracked Japan\u2019s first-quarter 2026 GDP data, which\ngrew 2.1% year-on-year in the three months to March, above Reuters\u2019 poll\nof 1.7% and ahead of the previous quarter\u2019s 1.3%. Yet the figures do not\nfully reflect the impact of the Iran conflict that began in late\nFebruary. Strengthening domestic demand supported advances in Japan\u2019s\nstock market, with the Nikkei 225 up 0.68% and the Topix rising\n1.16%.<\/p>\n
Market participants also noted a bilateral meeting between Japan\u2019s\nPrime Minister Sanae Takaichi and South Korean President Lee Jae Myung\nscheduled for today. In South Korea, the Kospi fell 1.06% while the\nsmall-cap Kosdaq stayed flat. In Australia, the ASX rose 1.08% early in\ntrading. Meanwhile, the Hang Seng futures in Hong Kong traded around\n25,558, below last session\u2019s close of 25,675.18.<\/p>\n
In a post on Truth Social, Trump said U.S. military leaders were\nasked to cancel a \u201cscheduled attack on Iran tomorrow\u201d following requests\nfrom Qatar, Saudi Arabia and the United Arab Emirates. He said a deal\ncould still be reached and would be acceptable to the United States and\nMiddle Eastern countries, including ensuring Iran does not have nuclear\nweapons. However, Trump stressed the military remains on standby to\ncarry out a large-scale strike at short notice if a sufficient agreement\nis not reached. This left markets wary of further geopolitical\nescalation in the region.<\/p>\n
With a fragile ceasefire between the U.S. and Iran, the Strait of\nHormuz \u2014 a key route for global energy supply \u2014 remains closed by\nTehran. The United States is also reported to be continuing to block\nIranian ports.<\/p>\n
Moody\u2019s said the prospects for a quickly and durably resolved\nconflict remained low as fighting in the Middle East entered its third\nmonth. The outlook suggests Hormuz may not reopen soon, potentially\nhampering global energy trade.<\/p>\n
From Wall Street, S&P 500 futures rose 0.1%, while Nasdaq-100\nfutures gained 0.2%. Dow Jones futures added about 25 points, or\n0.05%.<\/p>\n
In late trading on the U.S. session, the S&P 500 slipped 0.07% to\n7,403.05, the Nasdaq declined 0.51% to 26,090.73, while the Dow rose\n159.95 points to 49,686.12.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/asia-pacific-stock-markets-rally-as-oil-prices-fall-1779546389", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }