KOSPI Sets New All-Time Closing High, Surpasses Previous Record - The Asia Business Daily

• Stock markets in Japan and South Korea reached record highs following reports of potential deal hopes between the US and Iran. • Other regional markets showed mixed results, with Hong Kong's Hang Seng rising 0.9% to 25,222.38 and Australia's S&P/ASX 200 climbing 1.6% to 8,731.70.

• Stock markets in Japan and South Korea reached new record highs as global shares generally advanced. • The rally is driven by investor optimism that the U.S. and Iran will agree to extend their current ceasefire by 60 days.

• Wall Street indices edged higher and oil prices declined on May 28, 2026, following a series of record-breaking market gains. • The positive market sentiment is driven by investor optimism regarding a tentative deal to extend a ceasefire involving Iran.

• Indian stock markets experienced a significant downturn, with the Sensex recording its worst May performance since 2020 and the Nifty logging its worst since 2022. • Sectoral losses were led by Nifty Oil and Gas, which fell 2.58%, followed by Nifty Auto at 2.29%, while Consumption, Metal, and Rural sectors declined between 1.85% and 2.01%.

• Finance ministers from the European Union's six largest economies (E6) reached a common agreement on Friday regarding a European Commission proposal for joint capital market supervision. • The agreement, announced by Germany's finance ministry on May 29, establishes a unified stance among the bloc's most influential financial powers.

• Finance ministers from the six largest European economies (E6) are seeking a unified stance on a European Commission proposal regarding capital market supervision. • German Finance Minister Lars Klingbeil announced the initiative on Thursday, May 28, in Berlin.

• Inflation rose across the Eurozone's four largest economies in May, primarily driven by an increase in energy prices. • The trend has intensified expectations that the European Central Bank (ECB) will raise interest rates during its upcoming June meeting.

• The Indian stock market faced significant pressure on Friday afternoon, with the benchmark Sensex and Nifty 50 indices both dropping over 1.5%. • The decline was primarily driven by sustained selling from Foreign Institutional Investors (FIIs) and overall weak market sentiment.

• Market participants suggest that the UK's recent securitisation reforms are more favorable and efficient than the corresponding updates made by the European Union. • The reforms follow tandem reviews of securitisation frameworks aimed at simplifying how originators and investors manage securitised assets.

• Stock markets in Japan and South Korea reached new record highs as global shares generally advanced. • The surge is driven by investor optimism that the United States and Iran will agree to extend their current ceasefire, potentially winding down the conflict.

• Asian stock markets surged, with exchanges in Tokyo, Seoul, and Taipei rising by more than 2% following hopes of a US-Iran ceasefire deal. • Crude oil prices declined, with the West Texas Intermediate benchmark falling below $88 a barrel.