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Photorealistic view of Seoul stock exchange traders celebrating record highs amid US-Iran peace hopes and chipmaker gains.
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Seoul shares open at fresh high on us-iran peace hopes

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South Korean stocks opened at a fresh record high on Thursday, driven by hopes for a US-Iran peace deal and continued gains in chipmakers.

Indian stock markets experienced a significant downturn on Friday. The decline was driven by geopolitical tensions between the US and Iran along with a weakening rupee.

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Fourteen stocks from the BSE 500 index advanced in each of the five trading sessions ending May 8, delivering cumulative returns of up to 25 percent. The Sensex rose 0.54 percent or 415 points to close at 77,328 during the period.

Riot Platforms' shares jumped about 8% on Friday after Advanced Micro Devices doubled its capacity at the company's Rockdale, Texas data center. The expansion highlights Riot's pivot from bitcoin mining to AI infrastructure. The deal is expected to generate roughly $636 million over 10 years.

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India's major stock exchanges, NSE and BSE, are shut for trading today, May 1, 2026, due to the Maharashtra Day holiday. NCDEX is also closed, while MCX plans to resume in the evening session.

Japan's Nikkei share average briefly topped 60,000 on Thursday before profit-taking reversed the gains, closing 0.75% lower at 59,140.23 after hitting a record high of 60,013.98. Geopolitical uncertainties in the Middle East weighed on sentiment amid rising oil prices. U.S. President Donald Trump's announcement extending the ceasefire with Iran supported early rises, though Iranian officials rejected any agreement.

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JPMorgan has downgraded Indian equities to neutral from overweight. The bank warned that the Nifty index could fall to 20,500 in a bear-case scenario, implying a 15% downside from current levels. Near-term risks include elevated valuations and uncertainties from the Iran war and energy disruptions.

 

 

 

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