Shares of Asian tech and semiconductor comoanies surged on the news that the U.S. and Iran agreed to a conditional two-week ceasefire.

Earlier, U.S. stocks swung sharply during regular trading as uncertainty about the war with Iran increased after Trump had threatened that a “whole civilization will die tonight."

Asia-Pacific markets were set to open higher after President Donald Trump said he agreed to suspend planned attacks on Iranian infrastructure for two weeks.

Investors welcome the possible resumption of oil and gas flows through the Strait of Hormuz.

Shares of Asian tech and semiconductor comoanies surged on the news that the U.S. and Iran agreed to a conditional two-week ceasefire.

South Korean stocks spiked nearly 7 percent after the United States and Iran agreed on a two-week ceasefire and the reopening of the Strait of Hormuz.

President Donald Trump's Iran ceasefire announcement provided some relief to Wall Street and tech stocks shared in the rally.

The Nikkei futures contract in Chicago was trading at 56,735, while its counterpart in Osaka was last at 57,000.

Blockages in the Strait of Hormuz have kept oil and natural gas stuck in the Persian Gulf, away from customers worldwide.