Asia markets fall, tracking losses on Wall Street as Trump extends Iran strike deadline

President Donald Trump extended his Friday deadline to attack Iran’s energy infrastructure by 10 days to April 6 to allow more time for negotiations.

The extension was at the request of the government of the Islamic Republic, Trump said, and it was granted in exchange for 10 oil tankers that passed through the Strait of Hormuz as a “present” from Tehran.

“As per Iranian Government request, please let this statement serve to represent that I am pausing the period of Energy Plant destruction,” Trump said in a Truth Social post.

“Talks are ongoing and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well,” Trump added.

Washington has in recent days signaled it wants a negotiated end to the conflict and insisted that peace talks with the Islamic Republic had been ongoing. Tehran has denied that it is in direct talks with the U.S.

Oil prices rose Thursday but later showed signs of easing amid signs of progress towards a U.S.-Iran peace deal. The West Texas Intermediate for May delivery was last down 1.3% at $93.29 per barrel as of 7:03 p.m. ET, while international benchmark Brent crude oil futures settled at $108.01 a barrel.

Japan’s Nikkei 225 slipped 0.9%, and the broad-based Topix slid 0.4%.

South Korea’s blue-chip Kospi dropped 3% and the small-cap Kosdaq fell 1.5%.

Hong Kong Hang Seng index futures were at 24,782, lower than the index’s last close of 24,856.43.

China is set to release industrial profit figures for the first two months of 2026 on Friday, which would offer an early read on the financial health of the country’s factories amid intense competition and sluggish demand.