Global Markets:
- Asian Stock Markets : Nikkei up 2.60%, Shanghai Composite down 0.12% Hang Seng up 0.80% ASX up 1.48%
- Commodities : Gold at $4,540.09 (0.18%) Silver at $76.095 (0.24%), Brent Oil at $91.76(-1.01%), WTI Oil at $87.77 (-1.27%)
- Rates : US 10-year yield at 4.439, UK 10-year yield at 4.8210, Germany 10-year yield at 2.9510
News & Data:
- (USD) Core PCE Price Index m/m 0.2% to 0.3% expected
- (USD) Prelim GDP q/q 1.6% to 2.0% expected
Markets Update:
Here’s a rewritten version in approximately 220 words:
Asia-Pacific markets advanced on Friday as investors balanced renewed military tensions involving Iran with growing optimism that Washington and Tehran were nearing a temporary agreement to end their three-month conflict.
Japan’s Nikkei 225 gained 0.88%, while the Topix rose 0.53%. South Korea’s Kospi jumped 2.68%, supported by a rally in technology stocks, while the small-cap Kosdaq added 0.25%. Samsung Electronics surged as much as 6.51% after announcing that it had begun shipping samples of its latest high-bandwidth memory chips to customers worldwide.
Australia’s S&P/ASX 200 climbed 0.72%, while Hong Kong’s Hang Seng Index rose 0.68%. Mainland China’s CSI 300 also advanced 0.38%.
Market sentiment remained focused on developments in the Middle East. Iran’s armed forces reportedly launched missiles at unspecified targets late Thursday, according to state media. The reported strike followed Pentagon claims that Tehran had fired a ballistic missile toward Kuwait and deployed attack drones near the Strait of Hormuz.
Despite the heightened military activity, investors drew encouragement from reports that the U.S. and Iran had largely agreed on terms for a temporary ceasefire. A White House official confirmed an earlier Axios report indicating progress toward a deal.
U.S. stock futures were little changed after major Wall Street indexes closed at record highs on Thursday, driven by a technology rally. Strong guidance from Snowflake reignited enthusiasm for artificial intelligence-related stocks, helping lift broader market sentiment.
Upcoming Events:
- 12:30 PM GMT – CAD GDP m/m
The post Friday 29th May 2026: Asia Markets Rise as Hopes for U.S.-Iran Deal Offset Fresh Military Tensions first appeared on IC Your Trading Edge | Official Blog.