India & S&P/ASX 200

India: India welcomed the ceasefire agreement between the United States and Iran, advocating for de-escalation, dialogue, and diplomacy to ensure lasting peace in West Asia. India also emphasized the importance of unimpeded freedom of navigation through the Strait of Hormuz due to its reliance on global energy supply and trade networks.

S&P/ASX 200: The S&P/ASX 200 jumped following the ceasefire announcement.

India: India, as the world's third-largest oil importer, is highly exposed to the Iran war's economic fallout, facing mounting costs, supply disruptions for oil and fertilizer, and pressure on its economic growth and government finances.

S&P/ASX 200: Australia's S&P/ASX 200 dipped due to global market uncertainty.

India: India, as one of the world's largest crude importers, stands to benefit significantly from the reopening of the Strait of Hormuz and the stabilization of oil prices. Lower freight costs and reduced inflationary pressures are expected to boost its economy, stabilize the rupee, and improve its fiscal outlook.

S&P/ASX 200: Australia's S&P/ASX 200 dropped, reflecting a negative trend in some Asian markets.

India: India's Prime Minister Narendra Modi met with Donald Trump at the G7 summit, with discussions touching upon the Iran war's impact on energy supplies to India and the safety of Indian mariners.

S&P/ASX 200: Australia's S&P/ASX 200 dropped, showing a negative reaction in its market.

India: India's Sensex lost 0.1%, indicating a slight negative performance in its stock market.

S&P/ASX 200: The S&P/ASX 200 edged up less than 0.1%, indicating a slight positive movement in Australia's stock market.