Asian Market Update: ‘Historic’ jump in Nikkei due to US-Iran peace proposal, Wall Street at record high

By Samira Vishwas On May 7, 2026

Global Market Update Today: The news of an end to the war in the Middle East (West Asia) and a possible peace agreement between America and Iran has filled the global markets with tremendous enthusiasm. While on one hand the Japanese market has shown record breaking growth, on the other hand the American markets have touched a new peak. However, the signs for the Indian market look a bit weak.

1. Asian Market: Nikkei crosses 62,000

Heavy buying was seen in Asian markets on Thursday, in which Japan’s market was at the forefront.

Nikkei 225: first time 62,000 Surpassed the historical level of 4% and jumped more than 4%.
Top Gainers: There was a stormy rise of 12% in SoftBank Group and 16% in Ibiden. Renesas Electronics and Mitsui Kinzoku also rose 13-15%.
Other markets: Australia’s S&P/ASX 200 rose nearly 1%, but South Korea’s KOSPI closed down 1.11%.

2. Weak signals from GIFT Nifty

Despite the boom in Asia, for the Indian stock market gift nifty There are no encouraging signs. index close 0.30% (74 points) It is trading at the level of 24,442 with a fall of Rs., which points towards a sluggish or negative start of the domestic market.

3. Wall Street: Nasdaq and S&P 500 at new records

There was a spectacular rise in US markets on Wednesday, led by AI and chip-making companies.

S&P 500: closed at a record high of 7,365.09, up 1.46%.
Nasdaq: Jumped 2.03% to a new peak of 25,838.94.
Dow Jones: It closed at 49,910.59 with a jump of more than 600 points.

4. 18% explosion in AMD shares

chip giants AMD The results and estimates made investors happy.

Powerful results: First quarter sales increased 38% to $10.3 billion.
Future Estimates: The company expects revenue of $11.2 billion in the second quarter.
AI Growth: AMD believes the server CPU market will grow by 2030. $120 billion Will cross. Share after this news 18% Jumped more than.

5. US-Iran war update: Pause on ‘Operation Epic Fury’?

A social media post by US President Donald Trump has given great relief to the global markets.

Peace proposal: Trump indicated that if Iran followed the agreed terms, ‘Operation Epic Fury’ Will be abolished.
Strait of Hormuz: If the agreement is reached, the naval blockade of the Gulf of Oman will be lifted, which will ease global oil supply.
Impact on Market: The fall in oil prices has reduced inflation concerns and investors have regained confidence in growth sectors like AI.

6. Crude Oil Prices

Crude prices are now stable after a massive 8% fall in the previous session.

Brent Crude: $102.06 per barrel (marginal gain of 0.78%).
WTI Crude: $95.99 per barrel.