Global Markets:
- Asian Stock Markets : Nikkei down 1.55%, Shanghai Composite down 1.14% Hang Seng down 2.45% ASX down 1.71%
- Commodities : Gold at $4,401.37 (-1.78%) Silver at $72.385 (-3.34%), Brent Oil at $95.74 (3.76%), WTI Oil at $92.26 (4.06%)
- Rates : US 10-year yield at 4.530, UK 10-year yield at 4.8610, Germany 10-year yield at 2.9843
News & Data:
- (USD) CB Consumer Confidence 93.1 to 91.9 expected
Markets Update:
Asia-Pacific markets opened lower on Thursday as investors weighed mixed signals surrounding ongoing negotiations between the U.S. and Iran, despite a fragile ceasefire remaining in place.
U.S. Secretary of State Marco Rubio said discussions with Tehran had shown some progress and stressed that Washington would give diplomacy “every chance to succeed.” However, President Donald Trump reiterated that the U.S. would not allow Iran to control the strategically important Strait of Hormuz under any agreement.
Conflicting reports over the status of a possible understanding between the two nations added to market uncertainty. Reuters reported, citing Iranian state media, that Tehran had agreed to restore commercial traffic through the Strait of Hormuz to prewar levels within a month of reaching a deal with Washington. The White House later dismissed the report, calling claims of a memorandum of understanding “a complete fabrication.”
Oil prices moved higher amid the uncertainty. West Texas Intermediate crude futures for July gained 1.66% to $90.15 per barrel, while Brent crude futures rose 2.03% to $96.20.
Regional equities were mostly lower. South Korea’s Kospi fell 0.36%, while the Kosdaq dropped 2.61%. Japan’s Nikkei 225 was slightly lower, and the Topix declined 0.23%. Australia’s S&P/ASX 200 slipped 0.79%, while Hong Kong’s Hang Seng and China’s CSI 300 also declined.
Upcoming Events:
- 12:15 PM GMT – USD ADP Weekly Employment Change
The post Thursday 28th May 2026: Asia Markets Slip as Mixed Iran-U.S. Signals Weigh on Investor Sentiment first appeared on IC Your Trading Edge | Official Blog.