{"id":127680,"date":"2026-05-29T09:38:00","date_gmt":"2026-05-29T05:38:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=127680"},"modified":"2026-05-29T09:47:37","modified_gmt":"2026-05-29T05:47:37","slug":"asian-markets-soar-to-records-on-ceasefire-extension-reports-nikkei-hits-all-time-high-as-ai-rally-powers-on","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/asian-markets-soar-to-records-on-ceasefire-extension-reports-nikkei-hits-all-time-high-as-ai-rally-powers-on\/05\/29\/market-updates\/","title":{"rendered":"Asian Markets Soar to Records on Ceasefire Extension Reports: Nikkei Hits All-Time High as AI Rally Powers On"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Record highs across Asia:<\/strong> Nikkei 225 jumped nearly 3% to an all-time high of 66,449.48; KOSPI surged 3.4% to a record 8,458.25.<\/li>\n\n\n\n<li><strong>Broad rally:<\/strong> Hang Seng rose 1%, Hang Seng TECH climbed 1.7%, ASX 200 advanced 1.3%, and Singapore&#8217;s STI gained 1%.<\/li>\n\n\n\n<li><strong>60-day ceasefire extension:<\/strong> Reports said Washington and Tehran reached a draft agreement to extend the ceasefire and continue nuclear and regional security talks.<\/li>\n\n\n\n<li><strong>Not yet finalized:<\/strong> The proposed deal still needs Trump&#8217;s approval; Iranian media said the framework hasn&#8217;t been signed off.<\/li>\n\n\n\n<li><strong>AI and tech lead gains:<\/strong> Asian tech shares tracked Wall Street&#8217;s S&amp;P 500 and Nasdaq, which both closed at record highs overnight.<\/li>\n\n\n\n<li><strong>Oil falls for second day:<\/strong> Brent crude headed for its steepest weekly decline in nearly two months.<\/li>\n\n\n\n<li><strong>PCE inflation concern:<\/strong> Thursday&#8217;s data showed the Fed&#8217;s preferred inflation gauge rose at its fastest annual pace in three years in April.<\/li>\n\n\n\n<li><strong>China cautious:<\/strong> Shanghai Composite edged down 0.4%; CSI 300 flat.<\/li>\n\n\n\n<li><strong>Japan data barrage:<\/strong> Tokyo core inflation slowed to 1.3% in May \u2014 below the BOJ&#8217;s 2% target.<\/li>\n\n\n\n<li><strong>Japan factory output rebounds:<\/strong> Industrial production rose 0.9% in April, beating expectations despite Middle East supply chain concerns.<\/li>\n\n\n\n<li><strong>Japan retail sales strong:<\/strong> Rose 2.1% year-on-year in April, topping the 1.4% forecast.<\/li>\n\n\n\n<li><strong>India unchanged:<\/strong> Nifty 50 was largely flat.<\/li>\n<\/ul>\n\n\n\n<p>Asian stock markets rose sharply on Friday, led by artificial intelligence-linked shares tracking Wall Street&#8217;s record highs, while reports that the United States and Iran were close to extending their ceasefire also boosted risk appetite.<\/p>\n\n\n\n<p>Asian technology shares took cues from Wall Street, where the S&amp;P 500 and Nasdaq Composite posted record closing highs overnight, driven by strong gains in AI-linked companies.<\/p>\n\n\n\n<p>U.S. stock index futures were little changed during Asian hours.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nikkei and KOSPI Hit Fresh Peaks on Tech Rally, Iran Peace Hopes<\/h2>\n\n\n\n<p>Japan&#8217;s Nikkei 225 jumped nearly 3% to a fresh all-time high of 66,449.48 points, while the broader TOPIX index rose 2%.<\/p>\n\n\n\n<p>South Korea&#8217;s KOSPI surged 3.4% to new record levels of 8,458.25 points, powered by strong advances in semiconductor and artificial intelligence-linked shares.<\/p>\n\n\n\n<p>Hong Kong&#8217;s Hang Seng index rose 1%, with the Hang Seng TECH sub-index climbing 1.7%.<\/p>\n\n\n\n<p>Investor sentiment improved after reports said Washington and Tehran had reached a draft agreement to extend their ceasefire for another 60 days and continue negotiations over Iran&#8217;s nuclear program and regional security issues.<\/p>\n\n\n\n<p>The proposed agreement still requires approval from U.S. President Donald Trump, while Iranian media said the framework had not yet been finalized.<\/p>\n\n\n\n<p>The reports helped calm some fears of further tensions surrounding the Strait of Hormuz \u2014 a key route for global oil supplies.<\/p>\n\n\n\n<p>Oil prices fell for a second straight session, with Brent crude heading for its steepest weekly decline in nearly two months.<\/p>\n\n\n\n<p>Still, investors remained cautious after U.S. inflation data showed persistent price pressures. Data released on Thursday showed the personal consumption expenditures price index \u2014 the Federal Reserve&#8217;s preferred inflation measure \u2014 rose at its fastest annual pace in three years in April.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Japan Data Barrage in Focus<\/h2>\n\n\n\n<p>Elsewhere in Asia, China&#8217;s Shanghai Composite edged down 0.4%, while the blue-chip Shanghai Shenzhen CSI 300 index traded flat.<\/p>\n\n\n\n<p>Singapore&#8217;s Straits Times Index rose 1%, while India&#8217;s Nifty 50 was largely unchanged.<\/p>\n\n\n\n<p>Australia&#8217;s S&amp;P\/ASX 200 index climbed 1.3%.<\/p>\n\n\n\n<p>In Japan, data showed Tokyo core inflation slowed to 1.3% in May \u2014 remaining below the Bank of Japan&#8217;s 2% target and reinforcing expectations that the central bank will proceed cautiously with further policy normalization.<\/p>\n\n\n\n<p>Separate data showed that Japan&#8217;s factory output rose 0.9% in April from the previous month, rebounding unexpectedly despite concerns over rising energy costs and supply-chain disruptions linked to Middle East tensions.<\/p>\n\n\n\n<p>Retail sales rose 2.1% in April from a year earlier, matching March&#8217;s pace and topping market forecasts for 1.4% growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Record highs across Asia: Nikkei 225 jumped nearly 3% to an all-time high of 66,449.48; KOSPI surged 3.4% to a record 8,458.25. Broad rally: Hang Seng rose 1%, Hang Seng TECH climbed 1.7%, ASX 200 advanced 1.3%, and Singapore&#8217;s STI gained 1%. 60-day ceasefire extension: Reports said Washington and Tehran reached a draft &hellip;<\/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-127680","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\/127680","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=127680"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127680\/revisions"}],"predecessor-version":[{"id":127681,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/127680\/revisions\/127681"}],"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=127680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=127680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=127680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}