Asian markets are trading mostly lower on Thursday, despite the broadly positive cues from Wall Street overnight, with traders remaining cautious as the blockade of all maritime traffic entering and exiting Iranian ports and the Strait of Hormuz continues even as US President Donald Trump extended the U.S. ceasefire with Iran indefinitely until Tehran submits a "unified proposal" to end the war. Asian markets closed mixed on Wednesday.
The back and forth between Trump and Tehran has led to some uncertainty, although traders generally remain hopeful about an eventual resolution of the conflict.
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