Asia-Pacific markets set to jump as U.S.-Iran agree to a ceasefire, oil plunges

Asia-Pacific markets were set to open higher after Donald Trump said he had agreed to suspend planned attacks on Iran infrastructure for two weeks. U.S. crude oil prices plunged on the news. The West Texas Intermediate contract for May delivery fell more than 16% to $94.23 per barrel by 7:15 p.m. ET. Japan’s Nikkei 225 was poised to gain, with the Chicago contract at 56,040 and its Osaka counterpart last trading at 54,040 compared to the index’s previous close of 53,429.56. Hong Kong markets were also set to jump as they resume trading following holiday. The Hang Seng Index futures were at 25,233 compared to its last close at 25,116.53. Futures tied to the Dow Jones Industrial Average rose by 718 points, or 1.5%. S&P 500 futures added 1.6%, and Nasdaq 100 futures climbed 1.7%. https://www.cnbc.com/2026/04/08/asia-markets-today-trump-iran-war-kospi-nikkei-225-oil-hang-seng-index.html