{"id":86062,"date":"2026-05-08T18:19:52","date_gmt":"2026-05-08T08:19:52","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=86062"},"modified":"2026-05-08T18:19:52","modified_gmt":"2026-05-08T08:19:52","slug":"friday-8th-may-2026-asia-pacific-markets-fall-as-u-s-iran-tensions-escalate-despite-ceasefire","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/friday-8th-may-2026-asia-pacific-markets-fall-as-u-s-iran-tensions-escalate-despite-ceasefire\/","title":{"rendered":"Friday 8th May 2026: Asia-Pacific Markets Fall as U.S.-Iran Tensions Escalate Despite Ceasefire"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.56%, Shanghai Composite down 0.43% Hang Seng down 1.20% ASX down 1.71%<\/li>\n\n\n\n<li>Commodities : Gold at $4,727.41 (0.35%) Silver at $80.420 (0.30%), Brent Oil at $101.28 (1.28%), WTI Oil at $95.91 (1.17%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.389, UK 10-year yield at 4.9540, Germany 10-year yield at 2.9972<\/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>Asia-Pacific markets traded lower on Friday as investors reacted to renewed tensions between the U.S. and Iran despite an ongoing ceasefire agreement. Concerns escalated after both nations exchanged fire in the Strait of Hormuz, with each side accusing the other of initiating the attack.<\/p>\n\n\n\n<p>Despite the flare-up, President Donald Trump maintained that the ceasefire remains intact, downplaying the incident as \u201cjust a love tap\u201d during a call with an ABC News reporter. In a later Truth Social post, Trump claimed the U.S. had \u201ccompletely destroyed\u201d Iranian boats and drones involved in the exchange. He also warned that Iran would face stronger military action if it failed to agree to a nuclear deal quickly.<\/p>\n\n\n\n<p>Oil prices initially rose before trimming gains. West Texas Intermediate crude futures climbed 0.81% to $95.85 per barrel, while Brent crude futures gained 1.07% to $101.13.<\/p>\n\n\n\n<p>Regional markets mostly declined. Japan\u2019s Nikkei 225 fell 0.68% after reaching a record high a day earlier, while South Korea\u2019s Kospi dropped 0.93%. Australia\u2019s S&amp;P\/ASX 200 lost 1.74%, Hong Kong\u2019s Hang Seng slipped 1.19%, and China\u2019s CSI300 fell 0.90%. India\u2019s Nifty50 also edged 0.50% lower as global sentiment weakened.<\/p>\n\n\n\n<h3>Upcoming Events:<br \/><\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD Non-Farm Employment Change<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets traded lower [&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\/86062"}],"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=86062"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/86062\/revisions"}],"predecessor-version":[{"id":86064,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/86062\/revisions\/86064"}],"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=86062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=86062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=86062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}