Asia markets rise as investors brush off Trump’s ceasefire warning

A pedestrian walks past monitors displaying a figure of the Nikkei 225 Stock Average outside a securities firm on May 07, 2026 in Tokyo, Japan. Tomohiro Ohsumi | News | Asia-Pacific markets opened higher Tuesday as investors shrugged off fresh doubts over the fragile U.S.-Iran ceasefire after President Donald Trump warned the truce was on "massive life support." Trump on Monday cast doubt on the survival of the U.S.-Iran ceasefire, saying the fragile truce was effectively "on life support" after Tehran delivered what he described as an unacceptable response to Washington's proposal for ending the conflict. "I would say the ceasefire is on massive life support, where the doctor walks in and says, 'Sir, your loved one has approximately a 1% chance of living,'" he said. Japan's Nikkei 225 added 0.2%, while the Topix rose 0.54%. South Korea's Kospi jumped over 2% after notching a fresh record high on Monday. The small-cap Kosdaq advanced 0.62%. In Australia, the S&P/ASX 200 was flat. Similarly, Hong Kong Hang Seng index futures were at 26,421, higher than the index's last close of 26,406.84. Despite mounting geopolitical tensions, higher oil prices and lingering inflation concerns, global equities have continued to push higher, underscoring what GammaRoad Capital Partners' CIO Jordan Rizzuto describes as a "show me" market, one in which investors are increasingly unwilling to react to risks unless they materially disrupt economic or corporate fundamentals. …