{"id":127633,"date":"2026-05-28T09:32:00","date_gmt":"2026-05-28T05:32:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127633"},"modified":"2026-05-28T09:19:33","modified_gmt":"2026-05-28T05:19:33","slug":"asian-stocks-retreat-as-u-s-launches-fresh-iran-strikes-nikkei-pulls-back-from-record-highs-as-pce-data-looms","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/asian-stocks-retreat-as-u-s-launches-fresh-iran-strikes-nikkei-pulls-back-from-record-highs-as-pce-data-looms\/05\/28\/market-updates\/","title":{"rendered":"Asian Stocks Retreat as U.S. Launches Fresh Iran Strikes: Nikkei Pulls Back from Record Highs as PCE Data Looms"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

Key Takeaways<\/strong><\/h2>\n\n\n\n

Asian stock markets retreated on Thursday as fresh U.S. military strikes on Iran dampened recent investor optimism over a near-term peace agreement, while traders turned cautious ahead of key U.S. inflation data later in the day.<\/p>\n\n\n\n

Wall Street’s major indexes closed at all-time highs overnight on hopes of easing Middle East tensions and lower oil prices.<\/p>\n\n\n\n

U.S. stock futures were little changed during Asian hours on Thursday.<\/p>\n\n\n\n

U.S. Strikes Iran Again; Peace Deal Hopes Fade<\/h2>\n\n\n\n

Sentiment weakened in Asian trading after reports that the United States had carried out fresh military strikes on Iran on Wednesday \u2014 marking a second round of strikes this week.<\/p>\n\n\n\n

The attacks came shortly after U.S. President Donald Trump dismissed reports that Iran and Oman would jointly oversee shipping through the Strait of Hormuz under a proposed peace arrangement.<\/p>\n\n\n\n

Oil prices rebounded more than 2% after the strikes, reversing part of Wednesday’s steep decline. Brent crude traded near $97 a barrel, while U.S. West Texas Intermediate crude climbed above $90.<\/p>\n\n\n\n

Japan’s Nikkei 225 eased 0.1% to 64,921.1 points on Thursday after hitting a record high of 66,428.81 points in the previous session. Japan’s broader TOPIX index edged down 0.2%.<\/p>\n\n\n\n

South Korea’s KOSPI fell 1.1% to 8,139.21 points after scaling fresh record highs of 8,457.09 on Wednesday, with chipmakers and AI-linked stocks pausing following a strong recent rally.<\/p>\n\n\n\n

Shares of heavyweight semiconductor firms came under mild pressure as investors trimmed risk exposure ahead of U.S. inflation data and amid renewed geopolitical uncertainty.<\/p>\n\n\n\n

U.S. PCE Inflation Data Looms<\/h2>\n\n\n\n

Hong Kong’s Hang Seng index declined nearly 2%, weighed by weakness in technology shares.<\/p>\n\n\n\n

China’s Shanghai Composite slipped 0.4%, while the blue-chip Shanghai Shenzhen CSI 300 fell 1.1%.<\/p>\n\n\n\n

Singapore’s Straits Times Index lost 0.7%, while futures tied to India’s Nifty 50 edged down 0.3%.<\/p>\n\n\n\n

Australia’s S&P\/ASX 200 also declined 1.1%.<\/p>\n\n\n\n

Investors are now focused on the U.S. Personal Consumption Expenditures (PCE) price index due later on Thursday \u2014 the Federal Reserve’s preferred inflation gauge.<\/p>\n\n\n\n

Markets fear that persistently high energy prices linked to the Iran conflict could complicate the Fed’s policy outlook and lead to a potential interest rate hike this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Key Takeaways Asian stock markets retreated on Thursday as fresh U.S. military strikes on Iran dampened recent investor optimism over a near-term peace agreement, while traders turned cautious ahead of key U.S. inflation data later in the day. Wall Street’s major indexes closed at all-time highs overnight on hopes of easing Middle East tensions and …<\/p>\n","protected":false},"author":9,"featured_media":31994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,39,36],"tags":[6849,6851],"class_list":["post-127633","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates","tag-asia","tag-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=127633"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127633\/revisions"}],"predecessor-version":[{"id":127634,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127633\/revisions\/127634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31994"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=127633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}