{"id":13452,"date":"2026-05-12T05:17:07","date_gmt":"2026-05-12T05:17:07","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/13452\/"},"modified":"2026-05-12T05:17:07","modified_gmt":"2026-05-12T05:17:07","slug":"asian-shares-trade-mixed-after-wall-street-rally-despite-iran-war-worries","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/13452\/","title":{"rendered":"Asian shares trade mixed after Wall Street rally despite Iran war worries"},"content":{"rendered":"

TOKYO (AP) \u2014 Asian shares traded mixed early Tuesday as optimism encouraged by a record rally on Wall Street clashed with anxiety about surging oil prices and a possible AI bubble<\/a>.<\/p>\n

Japan’s benchmark Nikkei 225 added 0.7% to 62,881.03. South Korea’s Kospi dropped 1.2% to 7,726.30, in what analysts are categorizing as fallout from overreliance on fraying AI hopes. <\/p>\n

\u201cGlobal equities remain dangerously dependent on a tiny cluster of AI leaders, creating a rally structure that looks powerful on the surface but increasingly fragile underneath,\u201d said Stephen Innes, analyst with SPI Asset Management. <\/p>\n

He believes South Korea may be among the first major economies that will undergo what he called “the political redistribution phase of the AI boom.\u201d <\/p>\n

Australia’s S&P\/ASX 200 dipped 0.3% to 8,676.60. Hong Kong’s Hang Seng gained 0.2% to 26,467.50, while the Shanghai Composite lost 0.4% to 4,208.00. <\/p>\n

Oil prices continued to rise, as the war with Iran<\/a> threatens to drag on<\/a>. Benchmark U.S. crude rose 91 cents to $98.98 a barrel. Brent crude, the international standard, climbed 90 cents to $105.11 a barrel. <\/p>\n

Adding to worries were comments from President Donald Trump that the U.S.-Iran ceasefire was on \u201clife support\u201d after rejecting Iran\u2019s latest proposal to end their war. That raises the stakes for Trump\u2019s trip this week to China<\/a>. China is the biggest buyer of Iran\u2019s sanctioned crude oil.<\/p>\n

The war has already sent the price for a barrel of Brent racing up from prewar levels of roughly $70 and delivered inflation through the global economy. The war has shut the Strait of Hormuz<\/a> and kept oil tankers stuck in the Persian Gulf instead of delivering crude to customers worldwide.<\/p>\n

Still, some companies are reporting bigger profit<\/a> than analysts expected, which means the U.S. economy is holding up<\/a> even though households are feeling discouraged<\/a> by expensive gasoline and tariffs. <\/p>\n

On Wall Street, the S&P 500 rose 0.2% from its prior all-time high set on Friday. The Dow Jones Industrial Average gained 95 points, or 0.2%, and the Nasdaq composite added 0.1% to reach its own all-time high.<\/p>\n

All told, the S&P 500 rose 13.91 points to 7,412.84. The Dow Jones Industrial Average added 95.31 to 49,704.47, and the Nasdaq composite gained 27.05 to 26,274.13.<\/p>\n

In the bond market, Treasury yields ticked higher. The 10-year yield rose to 4.40% from 4.38% late Friday. <\/p>\n

In currency trading, the U.S. dollar rose to 157.57 Japanese yen from 157.12 yen. The euro cost $1.1761, down from $1.1787. <\/p>\n

___<\/p>\n

AP Business Writer Stan Choe contributed to this report.<\/p>\n

Yuri Kageyama is on Threads: https:\/\/www.threads.com\/@yurikageyama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"TOKYO (AP) \u2014 Asian shares traded mixed early Tuesday as optimism encouraged by a record rally on Wall…\n","protected":false},"author":2,"featured_media":13453,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[78,90,10048,92,94,2851,1453,89,31,91,1013,76],"class_list":{"0":"post-13452","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-korea","8":"tag-business","9":"tag-energy-markets","10":"tag-f","11":"tag-financial-markets","12":"tag-general-news","13":"tag-i","14":"tag-information-technology","15":"tag-iran-war","16":"tag-korea","17":"tag-oil-and-gas-industry","18":"tag-technology","19":"tag-world-news"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/13452","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=13452"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/13452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/13453"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=13452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=13452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=13452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}