{"id":85999,"date":"2026-05-07T16:44:34","date_gmt":"2026-05-07T06:44:34","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=85999"},"modified":"2026-05-07T16:44:35","modified_gmt":"2026-05-07T06:44:35","slug":"thursday-7th-may-2026-asia-markets-rally-as-nikkei-hits-record-62000-despite-middle-east-tensions","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/thursday-7th-may-2026-asia-markets-rally-as-nikkei-hits-record-62000-despite-middle-east-tensions\/","title":{"rendered":"Thursday 7th May 2026: Asia Markets Rally as Nikkei Hits Record 62,000 Despite Middle East Tensions"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei up 5.76%, Shanghai Composite up 0.25% Hang Seng up 1.55% ASX up 0.86%<\/li>\n\n\n\n<li>Commodities : Gold at $4,712.26 (0.36%) Silver at $78.190 (1.16%), Brent Oil at $101.97 (0.68%), WTI Oil at $95.65 (0.60%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.353, UK 10-year yield at 4.9420, Germany 10-year yield at 2.9943<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) ADP Non-Farm Employment Change&nbsp; 109K&nbsp; to 118K&nbsp; expected<\/li>\n<\/ul>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>Japan\u2019s stock market surged on Thursday, with the benchmark Nikkei 225 soaring more than 5% to cross the 62,000 mark for the first time ever, as Asia-Pacific markets rallied despite renewed tensions in the Middle East. Investor sentiment remained upbeat after U.S. President Donald Trump warned that Iran would face bombing \u201cat a much higher level\u201d if it failed to agree to a peace deal.<\/p>\n\n\n\n<p>The Nikkei rally was driven by strong gains in technology, financial and basic materials stocks. Shares of SoftBank jumped over 13%, while electronics maker Ibiden climbed 17%. Mitsui Kinzoku gained 16%, Renesas Electronics rose 13%, and Tosoh Corporation advanced 12%. Japan\u2019s broader Topix index also gained 2.37%.<\/p>\n\n\n\n<p>Elsewhere in the region, Australia\u2019s S&amp;P\/ASX 200 added 0.9%. Hong Kong\u2019s Hang Seng Index rose 1.47%, while China\u2019s CSI 300 edged 0.38% higher. However, South Korea\u2019s Kospi reversed earlier gains to fall 0.68%, while the Kosdaq lost 0.56%.<\/p>\n\n\n\n<p>Trump\u2019s comments came amid reports that Washington and Tehran were close to reaching a deal to end the conflict. He also said the U.S. military campaign, dubbed \u201cOperation Epic Fury,\u201d could end if Iran agrees to the proposed terms, potentially reopening the Strait of Hormuz to all shipping, including Iran.<\/p>\n\n\n\n<h3>Upcoming Events:<br \/><\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD Unemployment Claims<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Japan\u2019s stock market surged [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":84958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/85999"}],"collection":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/comments?post=85999"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/85999\/revisions"}],"predecessor-version":[{"id":86000,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/85999\/revisions\/86000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media\/84958"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/media?parent=85999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=85999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=85999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}