Asian stocks ended mixed on Monday as strong gains in AI-related stocks in Seoul offset investor concerns over escalating U.S.- Iran tensions and prolonged disruption in the Strait of Hormuz.
Iran has rejected a U.S. proposal for renewed peace talks, calling it "surrender" and insisting instead on war reparations, full Iranian sovereignty over the Strait of Hormuz, sanctions relief, and the release of seized assets.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.