Australia’s and Japan’s indices improved, contributing to a 1% rise in the MSCI Asia Pacific Index. Following the S&P 500’s record-high close fueled by the potential agreement, US equity-index futures also rose by 0.1%. Chipmakers led the trend, with Micron Technology Inc. experiencing a remarkable 19% increase in market capitalization, surpassing $1 trillion.
Asia also shifted its attention to tech stocks, with South Korea’s AI investment index leaping 4.2%, and SK Hynix Inc. shares soaring 11%, pushing its market valuation past $1 trillion. The Nikkei 225 climbed over 1% during intraday trading.
Also Read: SK Hynix joins Micron in the $1 trillion market cap club after 2026 gains extend to 230%
Treasury rates fell on Tuesday as investors dialed back their expectations for short-term interest rate hikes from the Federal Reserve, with concerns about rising inflation easing. The dollar index slid by 0.1%, while Brent crude dipped slightly to $99.20 per barrel. A US index of Chinese-listed stocks broke a seven-day losing streak, increasing by 0.6%.
With traders focusing on signs of diplomatic progress despite ongoing strikes, the market movements indicated growing confidence that the conflict in the Middle East would remain contained. Global equities reached new peaks, reflecting a risk-on sentiment that has alleviated some concerns that renewed inflation pressures might complicate central bank policies.
(Edited by : Juviraj Anchil)
First Published: May 27, 2026 6:40 AM IST
