South Korea Financial Markets

A dealer watches computer monitors at a dealing room of Hana Bank in Seoul, South Korea, Monday, May 4, 2026.

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Asian markets are mixed and oil is steady after Wall Street hits records

Asian markets are mixed and oil is steady after Wall Street hits records

Shares are mixed in Asia after U.S. stocks set more records, powered by strong profits for major companies. Oil prices held steady after U.S. President Donald Trump said the U.S. would help ships leave the Strait of Hormuz, starting on Monday. Iran has rejected the plan, but Trump also said talks with Iran could lead to positive outcomes. On Friday, the S&P 500 climbed 0.3% to another all-time high, closing out a fifth straight winning week. The Dow Jones Industrial Average dipped 0.3%, and the Nasdaq composite added 0.9% to its own record. Apple led the way after delivering better profit than expected.