The S&P 500 and Nasdaq are also rising in premarket trading after President Donald Trump announced the ceasefire has taken effect.

The S&P/ASX 200 closed 80.6 points higher, up 0.95%. A strong rebound in Materials (XMJ) (+2.0%) companies helped the ASX 200 ...

A sudden easing of geopolitical tensions in the Middle East and a steep drop in crude oil prices sparked a wave of buying ...