Asian markets settled mixed on Wednesday tracking Wall Street’s overnight fall due to lingering uncertainty surrounding US-Iran peace talks. Although plans for a second round of negotiations collapsed, US President Donald Trump extended the two-week ceasefire with Iran. He clarified that the truce would remain in effect until Tehran submits a formal proposal or discussions are officially concluded, though he noted the US military will maintain its naval blockade of Iranian ports and coastal areas. Japanese shares ended at a record high, led by heavyweight technology stocks, as investors turned their attention to the Bank of Japan's policy decision next week, where it is expected to hold interest rates steady. Meanwhile, Japan’s exports increased for a seventh consecutive month due to strong demand from China and ASEAN economies. The exports rose 11.7% to in March 2026, a pick up from February’s 4.0% gain.