Japan, South Korea Stocks Hit More Records, as Oil Gains on Iran War Ending Fragility
Japan, South Korea Stocks Hit More Records, as Oil Gains on Iran War Ending Fragility
Publish Date: 2026-06-01 00:35:00
Source Domain: www.usnews.com
- Stock markets in Japan and South Korea reached new record highs, driven by enthusiastic investors in artificial intelligence (AI) and advanced technologies.
- Tokyo’s Nikkei 225 index surpassed the 67,000 mark for the first time and gained over 1.3%.
- South Korea’s Kospi index hit an all-time high with a nearly 5% increase, led by significant gains in Samsung Electronics.
- Oil prices experienced a more than 2% increase due to ongoing U.S.-Iran negotiations, particularly concerning the reopening of the Strait of Hormuz.
- The surge in AI-related stocks also positively impacted other markets, with the S&P 500 on Wall Street registering its seventh straight gain, driven by technology-heavy indices like the Nasdaq.
