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Asia open: AI Capex mania fuels world stocks to all-time highs as US-Iran peace deal skepticism lingers

Global stock markets surged to fresh record highs as relentless AI infrastructure spending continued to fuel risk appetite despite mounting macroeconomic and geopolitical headwinds. Investors are closely watching conflicting US-Iran peace deal developments, while sticky inflation pressures and increasingly hawkish central bank signals strengthen expectations for higher interest rates. Markets now shift focus to the crucial US PCE inflation report and the evolving AI-driven equity supercycle.

28-05-2026 02:34 GMT by Kelvin Wong

Asia open: Trump-Iran peace optimism sparks equity rally as sticky U.S. inflation risks loom large

Global markets surged after renewed optimism surrounding a potential U.S.-Iran peace deal triggered a sharp drop in oil prices and boosted investor risk appetite. However, sticky U.S. inflation and elevated Treasury yields continue to reinforce expectations of prolonged restrictive Federal Reserve policy. In Asia, Japan’s Nikkei rallied to record highs while Singapore posted stronger-than-expected GDP growth, highlighting the region’s resilience despite ongoing energy and supply-chain risks.

26-05-2026 02:51 GMT by Kelvin Wong