Asian Markets Trade Mixed

Asian markets are mixed on Tuesday, following the positive cues from Wall Street overnight, amid renewed tensions in the Middle East after reports said Tehran had suspended talks with Washington in response to Israeli strikes in Lebanon, although US President Donald Trump stated negotiations remain underway. Iran also completely close the Strait of Hormuz in response to Israeli attacks in Lebanon. Asian markets closed mostly higher on Monday.

Meanwhile, Trump said discussions are still ongoing and suggested that a memorandum of understanding with Iran to reopen the Strait of Hormuz could be reached as early as next week.