Markets Cautious as U.S.-Iran Tensions Persist

0:00Asian shares traded mixed today, staying cautious while watching the U.S. Iran tensions after President Trump extended a ceasefire set to expire. Japan's Nikkei 225 climbed 0.3% to 59,530.64. South Korea's Cospi edged up 0.4% to 6413.62. But Australia's S&P ASX 200 fell 1.2% to 8,841. And Hong Kong's Hong-Seng dropped 1.3% to 26,140.05. Shanghai's composite bucked the trend with a 0.3% gain to 4,096.59. Over on Wall Street, the S&P 500 wiped out early gains to close down 0.6% at 7,064.01. The Dow Jones fell the same to 49,149.38, and Nasdaq slipped to 24,200.59.96.

1:03That slide picked up steam after Vice President JD Vance canceled a trip to Pakistan meant for U.S. Iran's ceasefire talks. Less than 10 minutes after markets closed, Trump announced the extension to let Iran pitch a war-ending proposal. Investors seemed relieved. It's not escalating to worst-case economic hits. Central prices dipped mildly in Asian trade, with U.S. crewed down 19 cents to $89,48 a barrel, and Brent crewed off. $12 cents to $98.36. These swings are way tamer than earlier war chaos, when Brent topped $119.00 and the S&P plunged nearly 10% from its peak. Markets still hover near recent records, betting the U.S. and Iran dodged disaster. Banks are tiptoeing without big conviction, as one analyst put it, with 10-year treasure yields ticking up to 4.31% and the. Daughter easing to 159.33 yen. I stay glue for Iran's next move. That's your Canada News Today update, AI powered and always on.