Asian stock markets are trading mixed on Monday, following the broadly positive cues from Wall Street on Friday, amid optimism on peace talks resuming in the Middle East after US President Donald Trump said talks with Iran will resume today and cancelled a planned strike on the Iran. Trump said Middle Eastern allies, including Saudi Arabia, urged Washington to prioritize diplomacy. Asian markets closed mostly higher on Friday.
Trump said a planned large-scale military strike on Iran was called off on the condition that efforts to quickly reach an agreement to reopen the Strait of Hormuz and resolve the impasse over Tehran’s nuclear capabilities move forward.
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Market Analysis
Asian Markets Trade Mixed
2026-08-03 03:10:43
