Asia stocks muted after rallying on Middle East truce

MSCI’s gauge for Asian equities was little changed on Wednesday following a more than 2% rise in the previous session, when US President Donald Trump announced a ceasefire between the Middle East rivals. US equity futures were flat after the S&P 500 climbed 1.1% and the Nasdaq 100 rose 1.5% on Tuesday, notching its first record since February.

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