On Friday, Asia-Pacific markets saw a downturn as investors cautiously assessed the situation in the Middle East, contrasting with Wall Street’s latest record-breaking surge.

President Donald Trump expressed optimism about the Middle East conflict, declaring on Friday that the war in Iran “should be ending pretty soon,” continuing his positive outlook on the potential resolution.

Earlier in the day, Trump confirmed that Israel and Lebanon have agreed to a 10-day ceasefire, set to begin at 5 p.m. ET. Meanwhile, Iran’s parliamentary speaker emphasized that the halt of Israeli attacks on Lebanon is a critical prerequisite for U.S.-Iran negotiations to commence.

President Trump mentioned on Thursday that the next round of face-to-face discussions between the U.S. and Iran could potentially take place “probably, maybe, next weekend.” The current two-week ceasefire between the two nations is due to end on April 21.

In the commodities market, West Texas Intermediate crude dropped by 1.27% to $93.49 per barrel as of 3:31 a.m. ET, while Brent crude slid 0.99% to $98.41 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, ending Friday’s trading session 1.75% lower at 58,475.90. The Topix declined 1.41% to 3,760.81

South Korea’s Kospi traded choppy and slipped 0.55% to 6,191.92. The small-cap Kosdaq rose 0.61% to 1,170.04. Australia’s S&P/ASX 200 was marginally lower.

Mainland China’s CSI300 index traded 0.17% lower, while Hong Kong’s Hang Seng index declined 1.01% in its last hour of trade on Friday. 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. It closed at HK$18.65.

India’s Nifty 50 was 0.34% higher.