Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street on Monday, as fading hopes for US-Iran peace negotiations dampened market sentiment after US President Donald Trump rejected Iran’s counteroffer to end the war as “unacceptable”, adding the month-old ceasefire with Iran is “unbelievably weak” and on “massive life support.” Asian markets closed mixed on Monday.

Trump called Iran’s response to his peace proposal a “piece of garbage” and said he “didn’t even finish reading it.”