Asian stocks hit record high, dollar wobbles on peace deal hopes

Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep ​losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of ‌Hormuz remains unresolved.

May 7, 2026 - 06:00
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Asian stocks hit record high, dollar wobbles on peace deal hopes
Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep ​losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of ‌Hormuz remains unresolved.

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