Asia-Pacific markets showed a mixed performance on Tuesday as traders evaluated the latest developments in U.S.-Iran negotiations.
The uncertainty surrounding the geopolitical situation in the Strait of Hormuz continued to weigh on investor confidence, with some indices showing resilience while others declined.
The U.S. administration reportedly discussed Iran's proposal to reopen the Strait of Hormuz, provided the U.S. lifts its blockade and ends the conflict.
This development has kept market participants on edge, as the region's energy and shipping routes remain a focal point for global trade.
The Nikkei 225 and Kospi saw divergent movements, reflecting the fragmented response to the evolving diplomatic signals.
The Hang Seng Index also experienced volatility, with traders balancing the potential for a de-escalation against lingering concerns about regional stability.