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Weekly Market Performance Index
Percentage growth observed in major Asian indices this week.
Primary Sources
Asian stocks hit record high, dollar wobbles on peace deal hopes
A pedestrian stands in front of a stock quotation board showing the Nikkei share average outside a brokerage in Tokyo, Japan, May 7, 2026. REUTERS/Kim Kyung-Hoon Purchase Licensing Rights, opens new tabSummaryJapan's Nikkei catches up on AI rally, surges to a recordOil nurses steep losses on peace deal, still above pre-war levelsYen stable after bouts of spikes, intervention jitters persistSINGAPORE, May 7 (Reuters) - Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved.Japan's Nikkei (.N225), opens new tab returned from a long holiday to cross 62,000 for the first time, catching up on a blistering AI-led rally after robust earnings that has also catapulted South Korean (.KS11), opens new tab and Taiwan stocks (.TWII), opens new tab to records. Sign up here.MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), opens new tab was up 1%, hitting another all-time high. The index is up 7% so far this week.Kyle Rodda, senior financial analyst at Capital.com, said the market moves on Thursday were justified as a deal would be a breakthrough."But we've seen this story before, and the rug could get pulled out of the market pretty quickly too. Ultimately, if we keep seeing progress in talks, Asian markets will keep rallying."Iran said it was reviewing a peace proposal that sources said would formally end the war while leaving unresolved the key U.S. demands that Iran suspend its nuclear program and reopen the Strait of Hormuz, whose closure has sent oil prices surging.A potential deal to end the war, which started at the end of February, sent oil prices sliding nearly 8% on Wednesday. Brent crude was a touch higher at $102.11 a barrel in early Asian hours on Thursday.Still, oil prices are around 40% higher than they were when the conflict began, while 10-year Treasury yields are around 40 bps higher, underscoring the challenge facing the global economy from higher energy prices and pricing pressures."Even if the strait reopens in coming weeks, oil is likely to stay elevated and slow to ease given damage to energy infrastructure and precautionary stockpiling," said OCBC analysts in a note.Federal Reserve officials said the war is raising the risk of a sustained inflation shock, with continued high oil prices and developing concerns about problems...
Asian stocks hit record high, dollar wobbles on US-Iran peace deal ...
SINGAPORE: Asian stocks soared to record highs on Thursday (May 7) while the US dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved.Japan's Nikkei returned from a long holiday to cross 62,000 for the first time, catching up on a blistering AI-led rally after robust earnings that also catapulted South Korean and Taiwan stocks to records.The benchmark Nikkei 225 index rose 4.19 per cent to 62,009.59. The broader Topix climbed 2.12 per cent to 3,807.84.MSCI's broadest index of Asia-Pacific shares outside Japan was up 1 per cent, hitting another all-time high. The index is up 7 per cent so far this week.Kyle Rodda, senior financial analyst at Capital.com, said the market moves on Thursday were justified as a deal would be a breakthrough. "But we've seen this story before, and the rug could get pulled out of the market pretty quickly too. Ultimately, if we keep seeing progress in talks, Asian markets will keep rallying.""Today’s sharp gain of the Nikkei was led by the strong performance of chip shares, driven by Advanced Micro Devices’s strong forecast," said Takamasa Ikeda, a senior portfolio manager at GCI Asset Management. "The contents of the US-Iran peace proposals are thin, but there is an expectation in the market that further military action will not take place."Iran said it was reviewing a peace proposal that sources said would formally end the war while leaving unresolved the key US demands that Iran suspend its nuclear program and reopen the Strait of Hormuz, whose closure has sent oil prices surging.A potential deal to end the war, which started at the end of February, sent oil prices sliding nearly 8 per cent on Wednesday. Brent crude was a touch higher at US$102.11 a barrel in early Asian hours on Thursday.Still, oil prices are around 40 per cent higher than they were when the conflict began, while 10-year Treasury yields are around 40bps higher, underscoring the challenge facing the global economy from higher energy prices and pricing pressures."Even if the strait reopens in coming weeks, oil is likely to stay elevated and slow to ease given damage to energy infrastructure and precautionary stockpiling," said OCBC analysts in a note.Federal Reserve officials said the war is raising the risk of a sustained inflation shock, with continued high oil prices and developing concerns about problems with global supply chains.KO...
Asia markets hit records on AI euphoria, Iran peace hopes
Asian stocks hit record highs—led by a 5.1% jump in South Korea's Kospi—as AI rally and hopes of a Trump‑Iran deal buoy sentiment. Oil slumped amid a pause in U.S. naval escorts, while the dollar eased, aiding regional gains. May 6 (Reuters) - Stocks surged to fresh records and oil prices ...
Global Market Today: Asian stocks advance on tech, dollar edges lower ...
Asian stocks opened higher, with South Korea leading gains, while crude oil fluctuated amid mixed Middle East signals. Strong tech earnings supported US equity futures, which traded with caution after record highs. Markets reacted optimistically to President Trump's statement on guiding ships through the Strait of Hormuz, though Iran issued a warning.
