Asian stock markets are trading mixed on Tuesday, following the mixed cues from Wall Street overnight, amid ongoing pessimism over the conflict in the Middle East and concerns over the outlook for interest rates. Traders react to US President Donald Trump saying he has decided to hold off on attacking Iran amid requests from leaders from the Middle East. Asian markets closed mostly lower on Monday.
Trump said he suspended a planned strike on Iran scheduled for Tuesday after appeals from Saudi Arabia, Qatar, and the UAE, adding that the Gulf nations believed a deal with Tehran acceptable to Washington could still be reached.
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