<\/p>\n
Employees of Hana Bank celebrate in a photo-op to mark the Korea Composite Stock Price Index (KOSPI) of over 8,000 points at a dealing room of Hana Bank in Seoul, South Korea, Friday, May 15, 2026.<\/p>\n
Lee Jin-man\/AP Photo\/Lee Jin-man<\/p>\n
A dealer stands near the screens showing the Korea Composite Stock Price Index (KOSPI), and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Friday, May 15, 2026.<\/p>\n
Lee Jin-man\/AP Photo\/Lee Jin-man<\/p>\n
President Donald Trump, left, walks with Chinese President Xi Jinping at the Temple of Heaven on Thursday May 14, 2026, in Beijing.<\/p>\n
Mark Schiefelbein\/AP Photo\/Mark Schiefelbein<\/p>\n
HONG KONG (AP) \u2014 Asian stocks mostly retreated Friday and South Korea\u2019s Kospi gave up gains after reaching an all-time high, as investors watch for developments from the Iran war and U.S. President Donald Trump\u2019s summit in Beijing with Chinese leader Xi Jinping.<\/p>\n
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U.S. futures edged down after Wall Street reached fresh records.<\/p>\n
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Tokyo\u2019s Nikkei 225 fell 1.2% to 61,880.04 after rising earlier in the day. South Korea\u2019s Kospi lost 3.2% to 7,727.34 after crossing the 8,000 mark for the first time and reaching 8,046.78, in part powered by excitement around the artificial intelligence boom.<\/p>\n
Hong Kong\u2019s Hang Seng was down 0.9% to 26,145.66, while the Shanghai Composite index edged up 0.1% to 4,183.05.<\/p>\n
Australia\u2019s S&P\/ASX 200 dipped 0.1% to 8,629.70.<\/p>\n
Taiwan\u2019s Taiex traded 0.5% lower, and India\u2019s Sensex was up 0.1%.<\/p>\n
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Trump is wrapping up his China visit on Friday after a series of meetings with Xi that touched on issues including U.S.-China trade, further economic cooperation and Taiwan. Investors are monitoring trade deal updates on areas such as American soybeans, beef and airplanes.<\/p>\n
While there is optimism over U.S.-China relations, some analysts are suggesting any deals should be looked at with a sense of caution. \u201cHeadline deals should be looked at with a healthy degree of scepticism,\u201d wrote Leahy Fahy and Julian Evans-Pritchard, China economists at Capital Economics, in a Friday note.<\/p>\n
A number of the promised projects and investments that came out of U.S.-China deals from Trump\u2019s last China visit in 2017 did not end up materializing, they said, as tensions between Washington and Beijing elevated rapidly during the few years after that.<\/p>\n
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Trump also said in an interview that China could buy U.S. oil, more than a year after China effectively stopped buying crude oil from the United States following Trump\u2019s imposition of hefty trade tariffs last year.<\/p>\n
Oil prices climbed early Friday, as U.S.-Iran talks on permanently ending the Iran war stalled, and after a ship anchored off the United Arab Emirates was seized and another cargo ship near Oman was attacked.<\/p>\n
Brent crude, the international standard, was 1.3% higher at $107.06 per barrel. It was trading at around $70 a barrel before the war in Iran started in late February.<\/p>\n
Benchmark U.S. crude was up 1.4% to $102.56 per barrel.<\/p>\n
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Global energy flow has remained constrained with the Strait of Hormuz, crucial for global oil and gas transit, still largely closed and as the U.S. imposed a sea blockade on Iranian ports since last month. The White House said on Thursday after a bilateral meeting between Trump and Xi that both sides agreed the Strait of Hormuz must remain open.<\/p>\n
On Thursday, Wall Street shares gained with the benchmark S&P 500 rising 0.8% to 7,501.24 and hitting an all-time high for a second consecutive day.<\/p>\n
The Dow Jones Industrial Average was up more than 0.7% at 50,063.46, the first time it closed at above the 50,000 level since the Iran war. The technology-heavy Nasdaq composite climbed 0.9% to 26,635.22.<\/p>\n
Shares of technology giant Cisco Systems jumped 13.4% following better-than-reported results and after said it was cutting fewer than 4,000 jobs, while Nvidia rose 4.4% as investors\u2019 hopes grew over updates on sales of its advanced H200 chips to Chinese firms as CEO Jensen Huang visited Beijing with Trump.<\/p>\n
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In other dealings, the U.S. dollar rose to 158.50 Japanese yen from 158.37 yen. The euro was trading at $1.1651, down from $1.1669.<\/p>\n
AP Business Writer Stan Choe contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"Employees of Hana Bank celebrate in a photo-op to mark the Korea Composite Stock Price Index (KOSPI) of…\n","protected":false},"author":2,"featured_media":294158,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[9056,9047,145,31231,106910,107396,23681,59373,84874,59371,84875,59372,88248,61262,82,84,83,106908,88261],"class_list":["post-294157","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-antonio","tag-beijing","tag-china","tag-donald-trump","tag-iran","tag-jensen-huang","tag-julian-evans-pritchard","tag-package-100024-ap-online","tag-package-100373-mc-complete-state-national","tag-product-30597-ap-business-news-f-wire","tag-product-30598-ap-national-news-report-a-wire","tag-product-31995-ap-online-general-financial-business-news","tag-product-31998-ap-online-national-news","tag-product-32003-ap-online-stock-market-reports","tag-product-46986-ap-online-top-stories","tag-san-antonio","tag-san-antonio-headlines","tag-san-antonio-news","tag-stock-market-china-trump-iran-war","tag-xi-jinping"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/294157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=294157"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/294157\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/294158"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=294157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=294157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=294157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}