Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, as traders remain cautious and optimistic for a resolution to the U.S.-Iran war, even as tensions between Washington and Tehran continue to simmer ahead of a potential ceasefire deadline. Asian markets closed mostly higher on Monday.
U.S. President Trump indicated that he is unlikely to extend the truce with Iran if no agreement is reached before its expiry Wednesday evening, Washington time. He has also threatened to destroy Iran's power plants and bridges if the ceasefire lapses.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.