Japanese and South Korean stocks simultaneously hit all-time highs.

Opening on May 7th, Japanese and South Korean stocks simultaneously set new record highs thanks to the surge in technology stocks on Wall Street, along with expectations of a peace agreement in the Middle East.

Stock market index board in Tokyo, Japan. Photo: Kyodo/VNA

In Japan, trading surged immediately upon reopening after the holiday. The Nikkei 225 index jumped 4.1% to 61,937.78 points by mid-morning, officially breaking the 61,000-point mark for the first time in history.

In South Korea, the KOSPI index continued its upward trend, rising 53.34 points (0.72%) to 7,437.90 points early in the session. At one point, the index even touched a new all-time high of 7,523.84 points. Strong capital inflows were seen in large-cap stocks, led by semiconductor giants Samsung Electronics and SK hynix, which rose 1.88% and 0.81% respectively.

The main driver of Asian stock markets came from positive developments related to the situation in the Middle East. US President Donald Trump expressed confidence that the US and Iran could reach an agreement to end the conflict ahead of his planned trip to China on May 14-15. Officials from both countries are currently discussing a preliminary memorandum of understanding aimed at ending the war and establishing a framework for more detailed nuclear negotiations.

Besides geopolitical factors, the regional market also received a major boost from Wall Street. Last night, the US S&P 500 and Nasdaq indices set new records thanks to the outstanding earnings report of semiconductor manufacturer AMD. This result further fueled the investment frenzy in artificial intelligence (AI), creating a positive ripple effect across the entire technology stock group in Asia.

Source: https://baotintuc.vn/thi-truong-tien-te/chung-khoan-nhat-ban-han-quoc-dong-loat-lap-dinh-lich-su-20260507083321682.htm