Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid renewed optimism over the Middle East conflict after Iran and Israel agreed to halt attacks against each other following a recent escalation in violence. US President Donald Trump also said both sides were seeking an immediate ceasefire and that final negotiations were moving forward. Asian markets closed mostly lower on Monday.
Israeli Prime Minister Benjamin Netanyahu said Israel is pausing strikes on Iran for now but will retaliate if Tehran attacks again, while Iranian media echoed a similar stance.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.