Asian Markets Close Broadly Higher on Hopes for US-Iran Talks Progress
Price ActionGeopolitics
Major stock markets across Asia closed in positive territory on August 5, 2026, buoyed by hopes for progress in negotiations to end the war between the United States and Iran, which pulled down oil prices and bond yields. Japan's Nikkei surged 3.66 percent to close at 66,300.44. South Korea's Kospi jumped 3.76 percent to end at 6,598.26. China's Shanghai Composite rose 1.47 percent to hit a near two-week high of 3,878.43. Hong Kong's Hang Seng Index added 0.24 percent to close at 25,915.82. Australia's S&P/ASX 200 gained 0.90 percent to finish at 9,227.80, a record high and its fourth straight session of gains.
