# Asian Markets Mixed, Oil Surges Amid Iran Tensions

Page: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/asian-markets-mixed-oil-surges-amid-iran-tensions
Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/asian-markets-mixed-oil-surges-amid-iran-tensions.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-05-11T05:48:59+00:00
Episode link: https://api.fastcast.ai/audio/5e554fcc-b164-4ffd-b314-454c1416038f.mp3
Audio file: https://api.fastcast.ai/audio/5e554fcc-b164-4ffd-b314-454c1416038f.mp3
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Duration seconds: 103

## Resource

Asian stocks opened the week on a mixed note, with Tokyos Nikkei dipping and South Koreas Kospi surging. Oil prices soared amid escalating tensions with Iran, while tech stocks in Japan and South Korea remained robust. Hong Kongs Hang Seng fell slightly, but Shanghai climbed on positive economic data. Brent crude and US crude prices surged, reaching levels not seen since late February. Analysts predict high oil prices due to uncertainty, but hope for a peace deal and reopening of the Strait of Hormuz following Trumps meeting with Chinas Xi Jinping. Wall Streets strong jobs data set a high bar for the week, with the S&P 500 and Nasdaq at record highs. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/887aebfe90bbf19d

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