economy
Asia markets trade mixed as oil eases after Trump delays planned Iran strike
Asia-Pacific markets traded mixed Tuesday, amid lower oil prices after President Donald Trump said he is postponing a scheduled attack on Iran
TL;DR
- Asia-Pacific markets traded mixed Tuesday.
- Oil prices eased after President Donald Trump postponed a scheduled attack on Iran.
- Japan's first-quarter GDP grew 2.1% annualized, exceeding expectations.
- A summit between Japan's Prime Minister Sanae Takaichi and South Korea's President Lee Jae Myung is scheduled.
- Standard Chartered raised its 2028 return target and plans job reductions.
- Shares of Gautam Adani's companies rose after the U.S. dropped fraud charges against him.
- Trump stated the Iran strike was postponed due to requests from Qatar, Saudi Arabia, and the UAE.
- The Strait of Hormuz remains closed by Tehran, and the U.S. continues blockades.
- U.S. futures showed mixed performance after declines in major indexes on Monday.