Market news for May 28, 2026: Iran conflict and US strikes drove Asian stocks lower, challenging peace optimism. Oil rebounded 2 per cent, pressuring inflation and bond yields, while AI-driven chip sales buoyed South Korean exports despite broader market risks.
Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.
Written by: Howie Lim (howielim@sph.com.sg)
Produced and edited by: Chai Pei Chieh & Claressa Monteiro
Produced by: BT Podcasts, The Business Times, SPH Media
Produced with AI text-to-speech capabilities
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Asian stocks drift, oil slips: Markets weigh AI valuation jitters against easing Gulf tensions
03:01

Oil cools, tech burns: Seoul plunges 10% in Asia’s steepest sell-off
02:49

US-Iran peace progress fuels Asian market rally; SK Hynix overtakes Samsung in historic shift
02:54