Seoul shares ended sharply down due to profit taking after a record-breaking runAsian markets settle mixed on Tuesday – Latest News
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12 May 2026
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Asian markets settled mixed on Tuesday as a recent tech-led rally lost steam and Brent crude surged above $107 per barrel amid heightened tensions in West Asia. US President Donald Trump said the ceasefire with Iran was at its weakest and on massive life support, a day after he rejected Tehran’s proposal to end the months-long war as totally unacceptable. Reports indicated that the Trump administration is considering renewed military action against Iran as negotiations remain deadlocked and tensions continue to rise over the closure of the Strait of Hormuz. Investors also awaited cues from the release of US CPI data for April and a crucial meeting between US President Donald Trump and his counterpart Xi Jinping in Beijing from May 13-15. Japanese shares gained tracking Wall Street’s gains overnight and as investors shrugged off data that showed Japanese household spending fell more than expected in March from a year earlier. Meanwhile, Seoul shares ended sharply down due to profit taking after a record-breaking run.Â
|
Asian Indices |
Last Trade           |
Change in Points |
Change in %Â Â Â Â Â |
|
Shanghai Composite |
4,214.49 |
-10.53 |
-0.25 |
|
Hang Seng |
26,347.91 |
-58.93 |
-0.22 |
|
Jakarta Composite |
6,858.90 |
-46.72 |
-0.68 |
|
KLSE Composite |
1,750.56 |
5.25 |
0.30 |
|
Nikkei 225 |
62,742.57 |
324.69 |
0.52 |
|
Straits Times |
4,946.00 |
3.23 |
0.07 |
|
KOSPI Composite |
7,643.15 |
-179.09 |
-2.29 |
|
Taiwan Weighted |
41,898.32 |
108.26 |
0.26 |
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