Global Markets:
- Asian Stock Markets : Nikkei up 0.63%, Shanghai Composite down 0.40% Hang Seng up 0.31% ASX down 0.26%
- Commodities : Gold at $4,730.96 (0.05%) Silver at $86.882 (1.08%), Brent Oil at $105.10 (0.85%), WTI Oil at $99.09 (1.04%)
- Rates : US 10-year yield at 4.422, UK 10-year yield at 5.0030, Germany 10-year yield at 3.0433
News & Data:
- (USD) Existing Home Sales 4.02M to 4.05M expected
Markets Update:
Asia-Pacific markets traded mixed on Tuesday as investors brushed aside renewed concerns over the fragile U.S.-Iran ceasefire. President Donald Trump warned that the truce was on “massive life support” after Iran reportedly delivered an unacceptable response to Washington’s proposal aimed at ending the conflict.
Trump compared the ceasefire’s condition to a critically ill patient with only a “1% chance of living,” raising fears that tensions in the Middle East could escalate further. Despite the uncertainty, regional markets showed varied reactions.
Japan’s Nikkei 225 gained 0.19%, while the broader Topix index rose 0.27%. However, South Korea’s Kospi reversed earlier gains and dropped more than 3% after hitting a record high on Monday. The small-cap Kosdaq declined over 4%, while Australia’s S&P/ASX 200 slipped 0.82%. Hong Kong’s Hang Seng index edged up 0.47%, and China’s CSI 300 remained flat.
Japan’s 10-year government bond yield climbed to 2.545%, its highest level since 1997, after Bank of Japan minutes indicated some policymakers favored raising interest rates soon.
In the U.S., futures markets were slightly positive after the S&P 500 and Nasdaq reached fresh record highs overnight, supported by strong technology stocks despite rising oil prices and geopolitical tensions.
Upcoming Events:
- 12:30 PM GMT – USD Core CPI m/m
The post Tuesday 12th May 2026: Asia-Pacific Markets Mixed as Trump Raises Doubts Over U.S.-Iran Ceasefire first appeared on IC Your Trading Edge | Official Blog.