Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street on Monday, as traders remain cautious amid the uncertainty about the opening of the Strait of Hormuz even as crude oil prices keep soaring. Traders also await a series of central bank decisions, including from Japan and the U.S. later in the week. Asian markets closed mixed on Monday.
U.S. President Donald Trump and his national security team on Monday discussed Iran's proposal to reopen the Strait of Hormuz, but it remains unclear whether Trump would accept the proposal.
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Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.