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UK Grocery Inflation Slows to 3.1% as Supermarket Price Pressures Ease in May 2026 
S&P 500, Nasdaq Hit Record Highs as Iran Ceasefire Talks and AI Rally Boost Markets 
Dollar Gains Slightly as U.S.-Iran Tensions Keep Forex Markets on Edge 
Asian Currencies Steady as U.S.-Iran Ceasefire Extension Hopes Weigh on Dollar 
Tokyo Inflation Cools in May, Supporting BOJ’s Cautious Rate Hike Path 
Iran-U.S. Nuclear Talks Remain Unresolved as Strait of Hormuz Risks Keep Markets on Edge 
Asian Markets Slide as New U.S. Strikes on Iran Spark Investor Caution 
Asian stocks showed a mixed performance on Wednesday as uncertainty surrounding U.S. President Donald Trump’s trade policies unsettled global markets. Equities in Australia and Malaysia led losses, while South Korean shares rebounded following a modest recovery in U.S. tech giants.
Wall Street’s major indexes extended their steepest sell-off in months on Tuesday after Trump unexpectedly raised tariffs on Canadian steel and aluminum imports to 50%, only to revert to the original 25% hours later. The abrupt shift rattled investor confidence, fueling market volatility.
Asian markets, highly sensitive to global trade tensions, reacted negatively. As of 02:37 GMT, China’s Shanghai Composite slipped 0.2%, while the CSI 300 lost 0.3%. Hong Kong’s Hang Seng index remained largely flat. Malaysia’s KLCI fell 1.5%, and the Philippines’ PSEi dropped 1.2%.
Australia’s S&P/ASX 200 tumbled 1.6% intraday, briefly entering correction territory, before trading 1.3% lower at 7,786.30. Australian Prime Minister Anthony Albanese confirmed that despite Trump’s decision to apply the 25% tariffs globally, Australia would not impose reciprocal measures.
South Korea’s KOSPI rose 1.6%, driven by strong gains in Samsung Electronics (+2.1%) and SK Hynix (+4.5%). The sector followed a rebound in U.S. tech stocks, including NVIDIA, Broadcom, and Tesla, after heavy losses earlier this week.
Japan’s Nikkei 225 added 0.3% after hitting a six-month low in the previous session, while the TOPIX gained 0.9%. India’s Nifty 50 futures edged up 0.2%.
Investors remain cautious as shifting U.S. trade policies add to global market uncertainties, affecting sentiment across Asian markets.
