Trump's deadline for Iran approaches, Asian stock markets fluctuate narrowly

2026-04-07 05:54:30

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Investing.com— On Tuesday, Asian stock markets traded within a narrow range. Investors held back ahead of U.S. President Donald Trump’s final deadline for re-opening the Strait of Hormuz to Iran, as uncertainty surrounding the conflict has limited risk appetite.

After U.S. stocks rose overnight on Wall Street, U.S. stock index futures edged down slightly during the Asian trading session.

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Trump’s deadline for Iran is approaching, and there are no signs of easing tensions

Investors prepared for President Trump’s Tuesday 8:00 p.m. Eastern Time deadline for Iran (8:00 a.m. Beijing time on Wednesday). Earlier, he warned that if Iran did not comply with the requirements, it could be “completely destroyed,” including threats to strike infrastructure such as power plants and bridges.

Iran rejected a U.S.-backed ceasefire proposal and instead put forward its own conditions, including lifting sanctions, rebuilding commitments, and ending broader regional hostilities.

Media reports showed that Iran and Israel launched attacks against each other on Tuesday, highlighting a lack of progress in negotiations.

The standoff has heightened concerns about energy supplies. Oil prices hovered near multi-year highs above $110 per barrel, fueling inflation worries worldwide.

Japan’s Nikkei 225 and the broader Topix index were largely flat on Tuesday.

China’s Shanghai Composite Index was largely flat, while the blue-chip CSI 300 index fell 0.3%.

Hong Kong markets were closed for a public holiday.

India’s Nifty 50 index fell 0.5%, while Singapore’s Straits Times index fell 0.2%.

Samsung and LG announce strong first-quarter results

South Korea’s KOSPI index rose 0.2%.

Tech stocks provided some support for the regional market, especially in South Korea, where major chipmakers had previously issued strong earnings guidance.

Samsung Electronics (KS:005930) expects first-quarter operating profit to surge eightfold, driven by strong demand for AI chips, while LG Electronics (KS:066570) signaled that first-quarter results would rebound strongly.

Elsewhere, Australia’s S&P/ASX 200 index went against the regional trend, rising 1.5%.

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