Stocks Rise as Oil Falls After Mideast Peace Deal – Asia Market Wrap

The global stock surge continued as increased buying in AI-related companies boosted Asian equities. Gold and oil prices fell following a Middle East peace deal.

MSCI’s global market index rose for the ninth time in ten days, while Asian equities jumped 0.4%, led by tech companies such as SoftBank. Japanese stocks extended their recent gains, while Hong Kong fluctuated, with HSBC falling following plans to privatise one of its banking units. As mainland China resumed trading following the Golden Week holiday, shares rose 1.6%.

Gold dipped but remained above $4,000 as traders grabbed profits following a sizzling surge and dampened demand for haven assets. Oil prices also fell after Trump said that Israel and Hamas had agreed to the first phase of a peace plan. US equity-index futures were unchanged, while contracts projected a worse open in Europe.

Gains in Asian markets mirrored US benchmarks ending at yet another record, as traders ignored concerns about a potential bubble in high-profile tech names in favour of corporate resilience and the restart of Fed interest-rate decreases. The confidence that has propelled stocks since their April fall now faces a critical test as earnings season begins.

In geopolitical news. Trump claimed Israel and Hamas had agreed to terms for the release of all hostages held by the Palestinian militant organisation in Gaza, marking a significant step in the US- and Qatari-brokered talks to end their two-year conflict.