--- title: "Asia-Pacific Markets Rally; Japan, S Korea and Taiwan Hit Record Highs; Tech Stocks Sought After" type: "News" locale: "en" url: "https://longbridge.com/en/news/285496804.md" description: "Asia-Pacific markets surged, with Japan, South Korea, and Taiwan reaching record highs, driven by optimism over the US-Iran war's resolution. The S&P 500 and Nasdaq also hit record highs. The Shanghai Composite Index rose to 4,170, while the Shenzhen Component Index reached a five-year high. Japan's Nikkei 225 jumped 5.5% to 62,811, and South Korea's KOSPI touched an intraday record. Other regional indices, including India's Nifty 50 and Australia's S&P/ASX 200, also saw gains. The RMB central parity against USD hit a new high since March 2023, amid liquidity adjustments by the People's Bank of China." datetime: "2026-05-07T06:38:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285496804.md) - [en](https://longbridge.com/en/news/285496804.md) - [zh-HK](https://longbridge.com/zh-HK/news/285496804.md) --- # Asia-Pacific Markets Rally; Japan, S Korea and Taiwan Hit Record Highs; Tech Stocks Sought After Hopes that the US-Iran war may soon come to an end lifted the three major US stock indices overnight (6th), with the S&P 500 and Nasdaq hitting record highs. Asia-Pacific markets advanced broadly, with Japan, S Korea and Taiwan all reaching record highs. The RMB central parity against USD hit a new high since March 2023. The Peoples Bank of China conducted seven-day reverse repo operations, resulting in a single-day net liquidity drain of RMB99.2 billion. The Shanghai Composite Index was at 4,170 at midday, a more than two-month high, up 10 points or 0.3%; the Shenzhen Component Index stood at 15,569, extending gains to a more than five-year high, up 109 points or 0.7%. Hong Kongs HSI rose 410 points or 1.6% to 26,623, with turnover of HKD165.8 billion. Taiwans TAIEX climbed 849 points or 2.1% to 41,988, hitting an intraday record of 42,156. TSMC and Delta Electronics rose 3.1% and 3.6%, respectively; ASE Technology gained 3.2%; Hon Hai rose 0.6%; while MediaTek retreated 3.2%. After a long holiday, Japans Nikkei 225 resumed trading and surged 3,298 points or 5.5% to 62,811, reaching an intraday record of 62,931. SoftBank soared 18%, while Tokyo Electron and Advantest jumped 8.8% and 7.4%, respectively. Disco gained 6.2%. South Koreas KOSPI edged up 5 points to 7,390, touching an intraday record of 7,531. SK Hynix rose 0.6%, Samsung Electronics fell 0.2%, and Hyundai Motor advanced 3.5%. Indias Nifty 50 Index rose 39 points or 0.2% to 24,370. Automakers Bajaj and Mahindra & Mahindra gained 2.7% and 1.9%, respectively. Australias S&P/ASX 200 Index increased 69 points or 0.8% to 8,862. Mining stocks Rio Tinto and BHP rose 2.5% and 3.2%, while gold miner Newmont gained 2.6%. New Zealands NZX 50 Index added 100 points or 0.8% to 13,245. Singapores Straits Times Index edged up 11 points or 0.2% to 4,938. Chip testing firm AEM and precision components maker UMS rose 2.9% and 3.5%, respectively, while Hongkong Land advanced 4.5%. Elsewhere in SE Asia, Malaysia and Indonesia each rose 0.3%, Thailand gained 0.5%, the Philippines climbed 1.3%, and Vietnams Ho Chi Minh Index rose 0.8%. (fc/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. ### Related Stocks - [EWY.US](https://longbridge.com/en/quote/EWY.US.md) - [1364.JP](https://longbridge.com/en/quote/1364.JP.md) - [1329.JP](https://longbridge.com/en/quote/1329.JP.md) - [YCS.US](https://longbridge.com/en/quote/YCS.US.md) ## Related News & Research - [CVC Asia VI agrees to buy 9% stake in K-beauty distributor Silicon2 in deal valuing company at US$2.1 billion](https://longbridge.com/en/news/296374195.md) - [Ripple Breaks Into Korea’s Regional Banking Market](https://longbridge.com/en/news/296184260.md) - [U.S. Army picks Hanwha defence unit for mobile artillery prototypes](https://longbridge.com/en/news/296278735.md) - [The Genesis GV90 takes luxury up a notch with coach doors and all [Images]](https://longbridge.com/en/news/296427679.md) - [LG Display to join UBS Korea Summit, discuss Q2 results in investor meetings](https://longbridge.com/en/news/296482837.md)