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Asia-Pacific markets were set to open higher Thursday, tracking U.S. stocks, which rose overnight after President Donald Trump’s extension of the Iran ceasefire helped to buoy investor sentiment, while upbeat earnings reports also lifted sentiment.
Trump extended a two-week U.S. ceasefire on Tuesday, saying it was warranted due to Tehran’s “seriously fractured” government.
“Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so and, upon the request of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal,” Trump said in a Truth Social post.
The ceasefire would be extended until Tehran submitted a proposal or discussions were concluded, and the U.S. military would continue its blockade of Iranian ports, according to Trump.
