Market Highlights

Investors riding a scorching run of market momentum are likely to face a reality check when trading resumes in Asia after President Donald Trump rejected the latest peace offering. Trump labeled Iran’s latest response to his proposal to end the 10-week conflict with the US is “TOTALLY UNACCEPTABLE.” Iran offered to transfer some of its stockpile of highly enriched uranium to a third country in its response to the latest US proposal to end 10 weeks of war, but rejected the idea of dismantling its nuclear facilities, the Wall Street Journal reported. Iran disputed the report, according to Iran’s semi-official news agency Tasnim Oil prices jumped and Treasuries fell after US President Donald Trump and Iran rejected each other’s latest proposals to end the war in the Middle East. Asian stocks climbed as traders doubled down on the AI trade.