Asian shares are mixed and oil jumps 4% after Trump rejects Iran’s response to ceasefire proposal
Asian stock markets experienced mixed performance on Monday, May 11, 2026, with oil prices surging over 4%. This jump in oil was a direct reaction to U.S.
Briefing Summary
AI-generatedAsian stock markets experienced mixed performance on Monday, May 11, 2026, with oil prices surging over 4%. This jump in oil was a direct reaction to U.S. President Donald Trump rejecting Iran's response to a U.S. proposal aimed at ending the war in Iran, which he deemed "TOTALLY UNACCEPTABLE!" While Tokyo's Nikkei 225 saw a slight decline, South Korea's Kospi reached an all-time intraday high, driven by technology stocks. Hong Kong's Hang Seng fell, but Shanghai's Composite climbed following positive economic data from China. U.S. futures edged lower. The ongoing Iran conflict and interest in artificial intelligence have been significant factors influencing market movements in the region.
Article analysis
Model · rule-basedKey claims
5 extractedTrump wrote in a social media post that Iran’s response on Sunday to the U.S.’s latest proposal was “TOTALLY UNACCEPTABLE!”
South Korea’s Kospi gained 4.1% to 7,804.71.
Tokyo’s Nikkei 225 fell 0.4% to 62,486.84 after briefing reaching another record high in intraday trading at above 63,300.
Asian stocks were mixed Monday after Wall Street set more records, and oil surged more than 4% following U.S. President Donald Trump’s rejection of Tehran’s response to the latest U.S. proposal on ending the war in Iran.
Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war.