Asian Markets Trade Mostly Higher
By RTTNews Staff Writer
Published: 5/3/2026 11:10 PM ET
Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, with markets in China and Japan closed, as traders remain cautious amid the uncertainty prevailing around the peace proposal to end the Middle East war. Crude oil prices also eased with potential US-led maritime security measures in the Strait of Hormuz to provide safe passage to vessels.
US President Donald Trump announced that the US would escort neutral vessels safely through the passageway, aiming to help ships stranded by the conflict with Iran transit securely.
Market News
Asian markets closed mostly higher on Friday. The news comes as the global economy is facing challenges due to the ongoing Middle East war. The US dollar has advanced as the Strait of Hormuz remains closed, while Iran has submitted a new peace proposal.
Latest Updates
- U.S. Dollar Advances As Strait Of Hormuz Remains Closed While Iran Offers A New Peace Plan
- Canadian Stocks Slip As Iran Submits Fresh Peace Proposal Amid Strait Of Hormuz Closure
- UK Households Embracing Solar Power In The Wake Of Middle East War
Covid-19 Updates
The CDC has blocked a report on COVID-19 vaccine effectiveness. The news comes as the world is still dealing with the pandemic.
Editor’s Pick
- Colgate-Palmolive Q1 Profit Down, Backs FY26 Earnings, Sales Growth View; Stock Up
- Humana Cuts FY26 EPS View, Backs Adj. Earnings Forecast After Weak Q1 Profit; Stock Drops
- GM Q1 Results Down, Cuts FY26 Reported Earnings View, Lifts Adj. EPS Outlook
For more news and updates, visit our website.
Copyright © 2026 RTTNews. All rights reserved.
By using this site, you agree to the Terms of Service.
About Us | Contact Us
