Hopes for US-Iran Peace Talks Fade, Asian Stocks Mostly Fall
Asian stock markets mostly fell as tensions over the Strait of Hormuz escalated and investors awaited earnings reports from US tech giants, while the Taiwan stock market stood out with a significant gain.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 18:52
- 🔍 Collected: April 24, 2026 at 19:02 (9 min after Published)
- 🤖 AI Analyzed: April 24, 2026 at 21:59 (2h 57m after Collected)
Central News Agency
(CNA Hong Kong, 24th, comprehensive foreign dispatch) As authorities in Tehran continue to close the Strait of Hormuz and the US maintains its blockade of Iranian ports, investors are worried about the lack of progress in US-Iran peace talks. International crude oil prices continued their upward trend today, while Asian stock markets saw more declines than gains.
According to an AFP report, due to a lack of positive news to drive buying, and with US tech giants Alphabet, Meta, Microsoft, Amazon, and Apple scheduled to release their earnings reports next week, investors adopted a cautious and conservative stance ahead of the weekend.
City Index market analyst Julian Pineda stated: "With recent rhetoric from Iran implying that a complete reopening of the Strait of Hormuz is impossible unless the US lifts its blockade, market sentiment has begun to shift to a more cautious phase."
He pointed out, "So far, negotiations have not made substantive progress, and both sides remain relatively firm in their positions. The short-term outlook is unclear, which has begun to suppress the market confidence that had been steadily recovering in recent weeks."
Asian stock markets mostly fell today, with the Taipei stock market standing out, closing up significantly by 3.23%. Hong Kong and Tokyo stock markets closed slightly higher. The Seoul stock market was nearly flat.
Stock markets in Shanghai, Singapore, the Philippines, Malaysia, Sydney, and Wellington closed lower. (Compiled by: Liu Shu-chin) 1150424
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(CNA Hong Kong, 24th, comprehensive foreign dispatch) As authorities in Tehran continue to close the Strait of Hormuz and the US maintains its blockade of Iranian ports, investors are worried about the lack of progress in US-Iran peace talks. International crude oil prices continued their upward trend today, while Asian stock markets saw more declines than gains.
According to an AFP report, due to a lack of positive news to drive buying, and with US tech giants Alphabet, Meta, Microsoft, Amazon, and Apple scheduled to release their earnings reports next week, investors adopted a cautious and conservative stance ahead of the weekend.
City Index market analyst Julian Pineda stated: "With recent rhetoric from Iran implying that a complete reopening of the Strait of Hormuz is impossible unless the US lifts its blockade, market sentiment has begun to shift to a more cautious phase."
He pointed out, "So far, negotiations have not made substantive progress, and both sides remain relatively firm in their positions. The short-term outlook is unclear, which has begun to suppress the market confidence that had been steadily recovering in recent weeks."
Asian stock markets mostly fell today, with the Taipei stock market standing out, closing up significantly by 3.23%. Hong Kong and Tokyo stock markets closed slightly higher. The Seoul stock market was nearly flat.
Stock markets in Shanghai, Singapore, the Philippines, Malaysia, Sydney, and Wellington closed lower. (Compiled by: Liu Shu-chin) 1150424
Choose to stand with the facts, every sponsorship from you is the power to guard press freedom
Download the CNA "First Hand News" APP to grasp the latest news instantly
The text, images, and audio/video on this website are not authorized to be reproduced, publicly broadcast, or publicly transmitted and utilized.