Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
Asian Stocks Slide as Oil Surge, U.S.-Iran Tensions and Fed Rate Bets Weigh on Markets 
Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Asian Currencies Weaken as Stronger Dollar Weighs, Yen Supported by GPIF Repatriation Hopes 
Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Gold Prices Fall as US-Iran Conflict, Rising Oil Prices Fuel Fed Rate Concerns 
Iraq PM Visits Washington as U.S. Oil, Gas Deals Take Center Stage 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Asian stock markets edged higher on Monday despite escalating tensions in the Middle East and rising oil prices, as strong gains in technology and semiconductor shares helped support investor confidence. Optimism surrounding an upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping also lifted sentiment across regional markets.
Chinese equities moved higher after Beijing confirmed that Trump and Xi will meet in Beijing from May 13 to 15. The summit is expected to focus on trade tariffs, Taiwan, and the ongoing Middle East conflict. Investors are also anticipating a possible extension of the trade truce agreed upon in late 2025.
The Shanghai Composite Index gained 0.7%, while the CSI 300 climbed 1.2%. However, Hong Kong’s Hang Seng Index slipped 0.4% amid cautious trading activity.
China’s latest economic data also supported market sentiment. April consumer inflation exceeded expectations, while producer prices surged to their highest level in nearly four years. Analysts attributed the increase largely to higher import costs caused by instability in the Middle East and rising energy prices.
South Korea’s KOSPI was the standout performer in Asia, soaring nearly 5% to a record high. The rally was driven by major semiconductor companies benefiting from continued demand linked to artificial intelligence technologies. SK Hynix jumped almost 12%, while Samsung Electronics advanced close to 6%, with both stocks reaching all-time highs amid ongoing memory chip shortages.
Elsewhere in Asia, Japan’s Nikkei 225 fell 0.4%, pressured by a sharp decline in Nintendo shares following weaker-than-expected earnings guidance. Australia’s ASX 200 dropped 0.7% after biotech giant CSL cut its annual outlook.
Meanwhile, concerns over the Iran conflict and disruptions in the Strait of Hormuz pushed oil prices sharply higher. Indian markets showed signs of weakness, with Nifty 50 futures down 1% as investors worried about the economic impact of rising energy costs on the country’s import-heavy economy.
