Asia markets rise following Trump’s ceasefire statement

June 24, 2025 (MLN): Asia-Pacific markets rose Tuesday after United States President Donald Trump announced that Iran and Israel have agreed to a ceasefire.

“It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE ... for 12 hours, at which point the War will be considered, ENDED!” Trump wrote on Truth Social.

However, neither Iran nor Israel has publicly confirmed they have accepted Trump’s ceasefire timeline.

Japan’s benchmark Nikkei 225 climbed 1.59%, while the broader Topix index rose 1.32%.

South Korea’s Kospi jumped 2.09% and the small-cap Kosdaq index rose 1.71%.

Australia’s S&P/ASX 200 traded 0.69% higher.

Hong Kong’s Hang Seng index rose 1.38%, while mainland China’s CSI 300 was flat.

U.S. futures took a leg higher following Trump’s announcement, as CNBC reported.

Futures tied to the Dow Jones Industrial Average added 134 points, or 0.3%. S&P 500 futures gained 0.4%, while Nasdaq 100 futures rose 0.6%.

Overnight stateside, the three major averages closed higher as investors breathed a sigh of relief that Iran’s response to the U.S. attacks over the weekend was more restrained than expected.

The Dow Jones Industrial Average added 374.96 points, or 0.89%, ending at 42,581.78.

The S&P 500 gained 0.96% and closed at 6,025.17, while the Nasdaq Composite climbed 0.94% and settled at 19,630.97.

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