Reports on Iran ceasefire negotiations boost the Nikkei Index and South Korea's KOSPI, both rising over 1%

LootboxPhobia · 2026-04-06T05:26:46+00:00

On Monday, the Japanese and South Korean stock markets rose during holiday trading, boosted by discussions among the US, Iran, and others about a 45-day ceasefire agreement. The Japan Nikkei 225 index increased by 1.4%, and the South Korea KOSPI rose by 1.1%. At the same time, Trump set a deadline for Iran to reopen the Strait of Hormuz. Rising oil prices could increase costs for energy-import-dependent countries.

LootboxPhobia

2026-04-06 05:26:46

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Investing.com- On Monday, Japan and South Korea’s stock markets rose in thin holiday trading, after reports that the United States, Iran and other intermediaries were discussing the terms of a potential 45-day ceasefire.

With Hong Kong, mainland China and Australia markets closed for the holiday, trading activity remained subdued.

During Monday’s Asian trading session, US stock index futures were roughly flat and narrowed early losses, boosted by hopes for a ceasefire in Iran.

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Mediators in the US-Iran talks, as reported, are pushing a 45-day ceasefire deal

Japan’s Nikkei 225 rose 1.4%, while the broader Topix index gained 0.7%.

South Korea’s KOSPI index rose 1.1%.

Axios reported that the United States, Iran and regional intermediaries are discussing the terms of a potential 45-day ceasefire agreement, which could ultimately pave the way for a broader deal to end the war. The news boosted market sentiment.

Reports said that intermediaries from Pakistan, Egypt and Turkey were involved, although it remains uncertain whether even a partial agreement could be reached within the next 48 hours.

Trump sets Tuesday deadline for Iran regarding Hormuz Strait access

Ahead of this diplomatic push, US President Donald Trump said Iran must reopen the Strait of Hormuz by Tuesday evening, or it would face attacks on critical infrastructure.

Trump said the deadline would expire at 8:00 p.m. Tuesday US Eastern time (9:00 a.m. Beijing time on Wednesday), and warned that if shipping through the strait is not restored, Iran’s power plants and bridges could become targets.

Oil prices in the Asian trading session rose again after a surge over the weekend, but gains narrowed after the Axios report was published.

Rising crude prices could lift import costs for Asian economies that are heavily dependent on energy imports.

Elsewhere in Asia, Singapore’s Straits Times Index rose 0.3%.

India’s Nifty 50 fell 0.4%, moving against the regional trend.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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