Asia-Pacific markets rise after Trump says Israel and Iran ceasefire is in effect

Chinese companies person go "very desensitized" to planetary geopolitical and economical uncertainty, and consequently, resilient to these changes, said Joe Ngai, president of McKinsey China. People are each blimpish but they person gotten utilized to what's going connected successful the world."

"Tariffs came by, wars came by, and I deliberation the radical are benignant of surviving their lives... They are present precise resilient to each these changes," Ngai told CNBC's "Squawk Box Asia" connected the sidelines of the World Economic Forum's Summer Davos successful Tianjin, China.

Still, "sitting tight" is not a viable strategy successful China owed to its marketplace competitiveness, Ngai noted.

In the past 3 to 5 years, Chinese companies person been diversifying and exploring caller markets, with increasing commercialized corridors betwixt the Asian elephantine and ASEAN, Latin America, the Middle East, and Africa, helium added.

– Neha Hegde, Diane Jorolan

U.S. President Donald Trump said successful a societal media station Tuesday that the ceasefire was "in effect," urging that it should not beryllium violated.

"THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT! DONALD J. TRUMP, PRESIDENT OF THE UNITED STATES!," helium posted connected Truth Social astatine 1:08 a.m. Eastern Time.

Trump had earlier said that the the ceasefire would statesman astatine 12:00 a.m. Eastern Time for Iran, portion the ceasefire for Israel would use 12 hours later.

Tehran fired aggregate waves of missiles astatine Israel successful the last hours earlier the ceasefire deadline for Iran announced by Trump took effect.

— Victor Loh

Oil prices extended declines Tuesday, a time aft Iran's rocket onslaught connected a U.S. airbase successful Qatar near nary reported casualties, raising investors' hopes of de-escalation of the Middle East conflict.  

U.S. crude oil prices were past down 2.35% astatine $66.9 per barrel, portion planetary benchmark Brent fell 2.25% to $69.87. Prices are present astatine levels beneath that of June 13, erstwhile Israel attacked Iran.

On Monday, Iran launched a rocket onslaught connected the Al-Udeid Air Base successful Qatar successful retaliation against U.S. strikes connected its astir important atomic sites implicit the weekend, according to a NBC News translation of Iranian authorities TV.

—Spencer Kimball, Ruxandra Iordache

South Korean stocks roseate Tuesday, starring gains successful the Asia-Pacific portion aft U.S. President Donald Trump claimed that Israel and Iran agreed to a ceasefire.

As of 9.08 a.m. section time, the Kospi index roseate 2.1% to deed the highest level since 2021, reversing people from losses successful its erstwhile session.

Among the scale heavyweights, LG Energy Solution roseate implicit 3%, portion SK Hynix gained 5.97%. Samsung Electronics roseate 3.62%.

Meanwhile, the small-cap Kosdaq scale was past seen trading 1.71% higher.

—Lee Ying Shan

Bitcoin roseate implicit 1.65% to $105,538 successful aboriginal Asia hours connected reports that Iran and Israel had agreed to a ceasefire timeline. Ether jumped implicit 3% to $2,426.85.

On Sunday, Bitcoin dropped beneath the $99,000 people — its lowest level successful much than a period — aft the U.S. launched attacks connected Iranian atomic sites. Ether had besides plunged implicit 10% astatine 1 point.

—Lee Ying Shan, MacKenzie Sigalos

Stocks closed higher portion lipid tumbled connected Monday, with investors mostly shaking disconnected escalating tensions successful the Middle East.

The S&P 500 added 0.96% to decorativeness the league astatine 6,025.17, portion the Nasdaq Composite climbed 0.94% to 19,630.97. The Dow Jones Industrial Average gained 374.96 points, oregon 0.89%, to adjacent astatine 42,581.78.

U.S. crude lipid futures slipped much than 7% to settee astatine $68.51 per barrel, aft hitting their highest level since January overnight.

— Brian Evans

Trump announced connected his societal media level that Israel and Iran person agreed to a "Complete and Total CEASEFIRE" that volition statesman astir midnight Tuesday.

Representatives for Israel and Iran did not instantly look to corroborate the agreement.

Read Trump's afloat Truth Social post:

CONGRATULATIONS TO EVERYONE! It has been afloat agreed by and betwixt Israel and Iran that determination volition beryllium a Complete and Total CEASEFIRE (in astir 6 hours from now, erstwhile Israel and Iran person coiled down and completed their successful progress, last missions!), for 12 hours, astatine which constituent the War volition beryllium considered, ENDED! Officially, Iran volition commencement the CEASEFIRE and, upon the 12th Hour, Israel volition commencement the CEASEFIRE and, upon the 24th Hour, an Official END to THE 12 DAY WAR volition beryllium saluted by the World. During each CEASEFIRE, the different broadside volition stay PEACEFUL and RESPECTFUL. On the presumption that everything works arsenic it should, which it will, I would similar to congratulate some Countries, Israel and Iran, connected having the Stamina, Courage, and Intelligence to end, what should beryllium called, "THE 12 DAY WAR." This is simply a War that could person gone connected for years, and destroyed the full Middle East, but it didn't, and ne'er will! God bless Israel, God bless Iran, God bless the Middle East, God bless the United States of America, and GOD BLESS THE WORLD!

— Kevin Breuninger

Crude prices tumbled Monday aft Iran's effect to U.S. attacks was much muted than traders feared. West Texas Intermediate futures settled much than 7% little astatine $68.51 per barrel.

"I deliberation radical recognize that things successful the Middle East volition yet de-escalate and volition beryllium successful spot of a overmuch safer, a overmuch much unchangeable Middle East and satellite arsenic a whole," Energy Secretary Chris Wright told CNBC connected Monday arsenic lipid sold off, crediting President Donald Trump's overseas policy.

— Spencer Kimball