China Export Growth Surges in April as Global Buyers Rush to Secure Supplies 
Lula and Trump Talks Signal New Phase in Brazil-US Relations 
Japan’s Yen Intervention and BOJ Rate Hike Bets Support Currency Recovery 
Saudi Aramco Q1 Profit Jumps 25% as Strait of Hormuz Crisis Reshapes Oil Exports 
Wall Street Hits Record High as AI Chip Stocks and Strong U.S. Jobs Data Boost Markets 
US Stock Futures Slip as Trump Rejects Iran Peace Proposal Amid Rising Middle East Tensions 
Australia Budget 2026: Smaller Deficit Expected Amid Tax Reform Push 
Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route 
Dollar Rises as Strait of Hormuz Crisis Pushes Oil Prices Higher 
Asian Stocks Slide as Iran Tensions Escalate Despite Strong Weekly Gains 
Asian Currencies Slip as US Dollar Gains on Rising Iran Tensions and Awaited Jobs Data 
Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations 
Gold Prices Hold Firm as Iran Tensions and Dollar Swings Drive Safe-Haven Demand 
KOSPI Hits Record High as AI Chip Demand Boosts Samsung and SK Hynix 
Gold Prices Rise as Weaker Dollar and Iran Ceasefire Hopes Boost Safe-Haven Demand 
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.
