Asian markets rally on Trump-led ceasefire hopes after announcement of a tentative truce between Israel and Iran

From Financial Modeling Prep: 2025-06-24 07:15:00

Asian stock markets, including KOSPI and Hang Seng, surged on Tuesday after Trump announced a tentative ceasefire between Israel and Iran. KOSPI jumped 2.5%, with Samsung Electronics gaining 3.5%, while Hang Seng Index rose 1.8%. U.S. futures also traded higher, signaling a positive market sentiment.

Trump outlined a multi-stage ceasefire plan, starting with a 12-hour pause by Iran and followed by Israel’s participation. A formal end to hostilities was promised within 24 hours, boosting global risk appetite. However, Iran’s foreign ministry has not confirmed the truce, adding some uncertainty to the market rally.

The potential ceasefire eased geopolitical tensions caused by U.S. strikes on Iranian nuclear sites and Iran’s retaliation. Investors are waiting for official statements from Israel and Iran, which could impact the market rally. Traders are closely monitoring the situation for any developments that could influence market direction.



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