Asia markets hit records as KOSPI tops 7,000 and Samsung reaches $1 trillion
Updated
Updated · Reuters · May 6
Asia markets hit records as KOSPI tops 7,000 and Samsung reaches $1 trillion
14 articles · Updated · Reuters · May 6
MSCI Asia Pacific ex-Japan rose 2.3% to a record, while Seoul's KOSPI jumped 5.1% on reopening and Samsung surged 12% into the trillion-dollar club.
Risk appetite strengthened after Donald Trump said there was "great progress" towards a Tehran deal and a Hormuz escort operation would be briefly paused, helping oil and the dollar fall.
Brent crude slid 1.2% to $108.51, Wall Street had already hit fresh highs, and AI enthusiasm intensified after AMD forecast strong quarterly revenue on cloud spending.
With physical oil prices nearing $150, is Wall Street's rally ignoring a far more severe, real-world energy crisis?
The US paused its ship escort mission after only two days. Is this a genuine diplomatic breakthrough or an unwinnable military reality?