Tim Waterer

Asian shares traded mixed as uncertainty over an Iran-US deal and Hormuz Strait access persisted. Oil prices drifted amid U.S.-Iran negotiations in Qatar, while U.S. stocks trimmed losses but faced weakness in AI sector stocks.

Asian shares traded mixed early Wednesday due to uncertainty over an Iran-US deal and concerns about traffic through the Strait of Hormuz. Oil prices drifted as U.S. envoys discussed the deal's implementation in Qatar, while U.S. stocks trimmed losses amid AI sector volatility.

Asian shares traded mixed as uncertainty over an Iran-US deal and the Strait of Hormuz's recovery weighed on markets. Japan's Nikkei 225 rose 0.6%, while Australia's S&P/ASX 200 fell 0.4% and South Korea's Kospi dropped 1.8%. Oil prices drifted amid U.S. envoys' talks in Qatar, and U.S. stocks trimmed losses with the S&P 500 up 0.8% despite AI sector volatility.

Asian shares traded mixed as enthusiasm over AI and technology stocks faded, while war worries continued to impact markets. Japan's Nikkei 225 edged up, but Australia's S&P/ASX 200 and the Hang Seng slipped. Oil prices remained elevated due to the ongoing war with Iran.

Asian stock markets showed mixed results amid uncertainty over U.S.-Iran ceasefire talks, with some indices rising and others falling. U.S. markets ended lower after Vice President JD Vance canceled a Pakistan trip intended to extend the ceasefire, though President Trump later announced a temporary extension. Oil prices declined slightly, and analysts noted continued caution in trading.