(LEAD) Seoul shares close at new high on tech rally, Mideast optimism

• Europe is facing an increasing risk of a trade war with China as a surge of cheap Chinese imports threatens the continent's domestic manufacturing sector. • The tension stems from global economic imbalances and the inability of European industries to compete with the volume and pricing of Chinese goods.

• Asian stock markets rose on Friday following news of a temporary 60-day ceasefire agreement between the U.S. and Iran. • The truce, which includes discussions regarding Iran's nuclear program, led to a decrease in energy prices and reduced economic anxiety for oil-importing nations.

• 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.

• The KOSPI index reached a new all-time closing high on May 29, surpassing its previous record. • This surge was primarily driven by strong institutional buying, signaling positive investor sentiment in the South Korean market.

• 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%.

• 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.

• 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.

• 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.