Global stock markets rallied to record highs as hopes for a US–Iran peace agreement boosted investor risk appetite and pushed oil prices sharply lower. Semiconductor stocks led the advance, with Intel and AMD surging on strong AI-driven momentum and partnership optimism. The weaker US dollar fueled a sharp rebound in gold above $4,700, while the Japanese yen strengthened amid suspected intervention. Asian markets also climbed, supported by easing energy risks and tech-led gains.
07-05-2026 02:23 GMT
by Kelvin Wong