Asia-Pacific markets rise after Trump says Israel and Iran agree to ceasefire

Sunset at Shinjuku , Tokyo – Japan.

Xavierarnau | E+ | Getty Images

Asia-Pacific markets rose Tuesday after United States President Donald Trump announced that Iran and Israel have agreed to a ceasefire.

“It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE … for 12 hours, at which point the War will be considered, ENDED!” Trump wrote on Truth Social.

However, neither Iran nor Israel has publicly confirmed they have accepted Trump’s ceasefire timeline.

Japan’s benchmark Nikkei 225 climbed 1.59%, while the broader Topix index rose 1.32%. South Korea’s Kospi jumped 2.09% and the small-cap Kosdaq index rose 1.71%. Australia’s S&P/ASX 200 traded 0.69% higher.

Hong Kong’s Hang Seng index stood at 23,721, pointing to a higher open compared to the HSI’s last close of 23,689.13.

— CNBC’s Lisa Kailan Han contributed to this report.

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