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BackAsia-Pacific Markets Open Lower Amid U.S.-Iran Uncertainty; Wall Street Hits New Highs
Asia-Pacific Markets Open Lower Amid U.S.-Iran Uncertainty; Wall Street Hits New Highs
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CNBC6/2/2026Business2 min read

Asia-Pacific Markets Open Lower Amid U.S.-Iran Uncertainty; Wall Street Hits New Highs

Quick Look

  • Asia-Pacific markets opened lower Tuesday, with investors weighing renewed uncertainty over U.S.-Iran peace negotiations.
  • Wall Street indexes climbed to fresh highs overnight, driven by tech optimism and Nvidia's new chip launch.

AI-generated summary

Why It Matters

Asia-Pacific markets opened lower as investors reacted to potential disruptions in U.S.-Iran peace talks. This comes as Wall Street indexes reached new highs overnight, buoyed by optimism in the technology sector, particularly following Nvidia's new chip launch.

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Asia-Pacific markets open lower Tuesday, as investors weighed renewed uncertainty over U.S.-Iran peace negotiations, while Wall Street benchmark indexes climbed to fresh highs overnight on tech optimism.

Japan's Nikkei 225 opened 0.52% lower, while the Topix declined 0.98%. South Korea's Kospi fell 0.32% and the small-cap Kosdaq was down 2.5%.

In Australia, the S&P/ASX 200 was down 0.67%.

Hong Kong's Hang Seng index futures were at 25,207, lower than the index's last close of 25,398.18.

U.S. President Donald Trump on Monday shrugged off the possibility that peace talks with Iran could fall apart, telling CNBC, "I don't care if they're over, honestly."

"I really don't care. I couldn't care less," Trump told CNBC's Eamon Javers in a phone interview midday Monday, adding that he felt the drawn-out negotiations had "started to get very boring."

Trump was responding to a question about reports earlier Monday that Iranian negotiators were considering ending discussions with Washington and moving to "completely block" the Strait of Hormuz in response to Israel's military campaign in Lebanon targeting the Iran-backed Hezbollah group.

When asked whether Iranian officials had informed him that they would no longer continue negotiations, Trump replied, "No, they haven't."

S&P 500 futures slipped 0.2%, while Nasdaq 100 futures shed 0.3%. Futures tied to the Dow Jones Industrial Average fell by 122 points, or 0.2%.

Overnight on Wall Street, the S&P 500 rose even as oil prices advanced, with Nvidia leading technology higher following the launch of a new chip for PCs.

The broad market index advanced 0.26% to close at 7,599.96, while the Nasdaq Composite gained 0.42% to close at 27,086.81. The Dow Jones Industrial Average added 46.42 points, or 0.09%, and ended at 51,078.88. All three indexes reached new all-time intraday highs and closed at records.

— CNBC's Sarah Min and Lisa Kailah Han contributed to this report

What to Watch

AI outlook — possibilities, not facts

  • Further volatility in Asia-Pacific markets.

    Likely · Within days

  • Continued upward trend for technology stocks, particularly those with new product launches.

    Likely · Short term

  • Potential fluctuations in oil prices.

    Possible · Within days

Open Questions

  • Will Iran proceed with blocking the Strait of Hormuz?
  • What is the current status of the U.S.-Iran peace negotiations?
  • How will the geopolitical tensions specifically impact global oil prices?
  • What is the market's long-term reaction to Nvidia's new chip?

Related Topics

This article was originally published by CNBC.

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