Asian Shares Mixed In Cautious Trade; Kospi Hits Fresh Record

nasdaq
2026.05.11 08:50
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Asian stocks ended mixed as AI-related gains in Seoul offset concerns over Iran-U.S. tensions. Iran rejected U.S. peace proposals, insisting on war reparations and sanctions relief, heightening fears of conflict. The dollar rose, Brent crude approached $105, and gold dipped below $4,700. China's Shanghai Composite surged 1.08% on strong inflation data, while Japan's Nikkei fell 0.47%. Seoul's Kospi hit a record high, boosted by memory chip stocks. Australian stocks declined, led by CSL's 16% drop after a profit outlook cut. U.S. stocks rose on positive jobs data, with the Nasdaq up 1.7%.