---
title: "Singapore, Asia stocks rise following US-Iran ceasefire agreement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281953477.md"
description: "Asian markets rose on April 8 following US President Trump's announcement of a two-week ceasefire with Iran. The Straits Times Index (STI) increased by 1.21% to 5,018.19 points, driven by gains in Singapore banks. DBS, UOB, and OCBC saw respective increases of 0.1%, 1.5%, and 2.2%. Other regional markets also advanced, with Malaysia's KLCI up 0.9%, Japan's Nikkei up 4.8%, South Korea's Kospi up 5.2%, and Australia's ASX up 1.8%. US-Iran talks are scheduled to begin on Friday in Islamabad."
datetime: "2026-04-08T01:27:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281953477.md)
  - [en](https://longbridge.com/en/news/281953477.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281953477.md)
---

# Singapore, Asia stocks rise following US-Iran ceasefire agreement

\[SINGAPORE\] Asian markets advanced on Wednesday (Apr 8) as US President Donald Trump announced a two-week ceasefire with Iran, bringing momentary pause to the conflict.

The Straits Times Index (STI) was up 1.21 per cent at market open at 9.02 am, at 5,018.19 points, buoyed by gains notched by Singapore banks which all traded higher at open.

As at 9.01 am, DBS was up 0.1 per cent, UOB was 1.5 per cent higher and OCBC had risen 2.2 per cent.

Across the region, neighbouring markets mirrored the gains.

Malaysia’s KLCI index rose 0.9 per cent as at market open.

Meanwhile, Japan’s Nikkei had advanced 4.8 per cent as at 9.08 am and South Korea’s Kospi index had risen 5.2 per cent as at 9.07 am.

Australia’s ASX was 1.8 per cent up as at 9.12 am.

Trump’s announcement of a suspension of the US’ attacks on Iran came hours before a deadline he had given for the country to reopen the Strait of Hormuz or face widespread destruction was reached.

Talks between the US and Iran are set to start on Friday in Islamabad, Pakistan, said Iran.

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