{"id":86099,"date":"2026-05-11T18:07:07","date_gmt":"2026-05-11T08:07:07","guid":{"rendered":"https:\/\/www.icmarkets.com\/blog\/?p=86099"},"modified":"2026-05-11T18:07:08","modified_gmt":"2026-05-11T08:07:08","slug":"monday-11th-may-2026-asia-markets-mixed-as-oil-surges-on-escalating-u-s-iran-tensions-kospi-hits-record-high","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com\/blog\/monday-11th-may-2026-asia-markets-mixed-as-oil-surges-on-escalating-u-s-iran-tensions-kospi-hits-record-high\/","title":{"rendered":"Monday 11th May 2026: Asia Markets Mixed as Oil Surges on Escalating U.S.-Iran Tensions; Kospi Hits Record High"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 0.16%, Shanghai Composite up 0.94% Hang Seng down 0.31% ASX down 0.60%<\/li>\n\n\n\n<li>Commodities : Gold at $4,684.31 (0.98%) Silver at $81.115 (0.35%), Brent Oil at $105.83 (4.47%), WTI Oil at $100.15 (4.97%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.393, UK 10-year yield at 4.9170, Germany 10-year yield at 3.0047<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(USD) 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 mixed Monday as rising oil prices and escalating tensions between the U.S. and Iran weighed on investor sentiment. South Korea\u2019s Kospi surged to a fresh record at the open, outperforming regional peers despite concerns over a prolonged Middle East conflict.<\/p>\n\n\n\n<p>Investor worries intensified after U.S. President Donald Trump rejected Iran\u2019s latest proposal aimed at ending the war. According to Iran\u2019s semi-official Tasnim news agency, Tehran\u2019s counteroffer called for a ceasefire across all fronts and the removal of sanctions. Trump, however, dismissed the proposal as \u201ctotally unacceptable\u201d in a Truth Social post.<\/p>\n\n\n\n<p>Israeli Prime Minister Benjamin Netanyahu also warned that the conflict was \u201cnot over,\u201d emphasizing ongoing efforts by the U.S. and Israel to curb Iran\u2019s nuclear ambitions. The situation has further disrupted global energy markets, especially after Iran reportedly closed the Strait of Hormuz, a key global oil shipping route.<\/p>\n\n\n\n<p>Oil prices jumped sharply, with West Texas Intermediate crude rising 3.94% to $99.18 per barrel, while Brent crude climbed 3.49% to $104.83.<\/p>\n\n\n\n<p>South Korea\u2019s Kospi gained 4.70%, boosted by a 10.74% rally in SK Hynix. Meanwhile, Japan\u2019s Nikkei 225 traded slightly lower, Australia\u2019s ASX 200 fell 0.83%, China\u2019s CSI 300 rose 0.58%, and Hong Kong\u2019s Hang Seng slipped 0.48%.<\/p>\n\n\n\n<h3>Upcoming Events:<br \/><\/h3>\n\n\n\n<ul>\n<li>12:30 PM GMT &#8211; USD Existing Home Sales<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets traded mixed [&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\/86099"}],"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=86099"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/86099\/revisions"}],"predecessor-version":[{"id":86100,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/posts\/86099\/revisions\/86100"}],"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=86099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/categories?post=86099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com\/blog\/wp-json\/wp\/v2\/tags?post=86099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}