Nikkei 225, Hang Seng Index, Kospi

U.S. President Donald Trump on Friday said that the war in Iran “should be ending pretty soon,” reiterating rosy predictions about the end of the conflict.

Hours earlier, Trump confirmed that Israel and Lebanon had agreed to a 10-day ceasefire, starting at 5 p.m. ET. Iran’s parliament speaker has said that Israel halting attacks on Lebanon is a key condition for U.S.-Iran negotiations to start.

The next round of in-person talks between the U.S. and Iran may occur “probably, maybe, next weekend,” Trump said Thursday. A two-week ceasefire between the U.S. and Iran will expire on April 21.

West Texas Intermediate fell 1.29% to $93.47 per barrel as of 11:45 p.m. ET, while Brent crude fell 1.14% to $98.26 per barrel.

Japan’s export credit agency, the Japan Bank for International Cooperation, will set up an investment window of up to 600 billion yen ($3.8 billion) to help Asian countries secure energy supplies, Finance Minister Satsuki Katayama said.

She added that oil market volatility is affecting foreign exchange markets.

Investors are also digesting comments by Bank of Japan Governor Kazuo Ueda on Friday, who said the central bank must take Japan’s low real rates into account when setting policy.

Japan’s Nikkei 225 saw some profit-taking after hitting a record high on Thursday, slipping 0.91%, while the Topix was down 0.98%.

South Korea’s Kospi traded choppy and declined 0.87% while the small-cap Kosdaq rose 0.26%. Australia’s S&P/ASX 200 dropped 0.27%.

Mainland China’s CSI300 index traded 0.30% lower, while Hong Kong’s Hang Seng index extended early losses and declined 1.37%. Shares of Hangzhou-based developer Manycore Tech tripled on its Hong Kong Exchange debut, opening at HK$20.7 versus its offer price of HK$7.62, in a $156 million listing.

India’s Nifty 50 was marginally higher.