Market Update
Japan's Indexes Extended Weekly Gains to 4% Overlooking Rising Risks to Higher Rates
Akira Ito
03 Apr, 2026
Tokyo
Japan's benchmark indexes rebounded in volatile trading amid speculation that diplomatic efforts may pave a way to reopen the critical waterway in the Middle East.
The Nikkei 225 Stock Average increased 1.1%, the broader Topix index advanced 0.8%, and the yen hovered at 159.62 against the U.S. dollar.
For the week, benchmark indexes advanced more than 4%, and they increased over 3% year to date.
Asian markets struggled to advance on the final day of a chaotic week, as the U.S. president sent mixed messages over the war on Iran.
The U.S. military maintains at least 19 military bases in several Gulf nations; however, many of those bases have been severely damaged and are lacking a stable supply of interceptors or operational air defense systems.
These bases were designed to provide maritime security, rapid response, and protection from missile attacks from hostile regimes in the region.
Instead, these bases have become targets of Iran's drone swarms and missile attacks, destabilizing crucial energy exports and deteriorating economic conditions.
Global market sentiment remained fragile as Iran and Oman discussed plans to monitor transit through the Strait of Hormuz, and the U.S. reiterated its plans to continue bombing Iran.
China and Pakistan floated a plan, along with Saudi Arabia, Türkiye, and Egypt, to ramp up arms production in the Middle East, replacing the U.S. armament.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 1.1% to 53,026.84, and the broader Topix advanced 0.8% to 3,640.30.
Technology, semiconductor equipment makers, and shipping stocks led the gainers in Tokyo on Friday.
SoftBank Group, Tokyo Electron, Advantest Corp., and Disco Corp. gained between 2% and 4%.
Nippon Yusen, Kawasaki Kisen Kaisha, and Mitsui O.S.K. Lines fluctuated around the flatline.
Japan Oil Transport, Idemitsu Kosan, and Fuji Oil traded in a tight band of 2% amid elevated crude oil prices and an uncertain outlook over the reopening of the Strait of Hormuz.
Japan's Indexes Extended Weekly Gains to 4% Overlooking Rising Risks to Higher Rates Headwinds
Akira Ito
03 Apr, 2026
Tokyo
Japan's benchmark indexes rebounded in volatile trading amid speculation that diplomatic efforts may pave a way to reopen the critical waterway in the Middle East.
The Nikkei 225 Stock Average increased 1.1%, the broader Topix index advanced 0.8%, and the yen hovered at 159.62 against the U.S. dollar.
For the week, benchmark indexes advanced more than 4%, and they increased over 3% year to date.
Asian markets struggled to advance on the final day of a chaotic week, as the U.S. president sent mixed messages over the war on Iran.
The U.S. military maintains at least 19 military bases in several Gulf nations; however, many of those bases have been severely damaged and are lacking a stable supply of interceptors or operational air defense systems.
These bases were designed to provide maritime security, rapid response, and protection from missile attacks from hostile regimes in the region.
Instead, these bases have become targets of Iran's drone swarms and missile attacks, destabilizing crucial energy exports and deteriorating economic conditions.
Global market sentiment remained fragile as Iran and Oman discussed plans to monitor transit through the Strait of Hormuz, and the U.S. reiterated its plans to continue bombing Iran.
China and Pakistan floated a plan, along with Saudi Arabia, Türkiye, and Egypt, to ramp up arms production in the Middle East, replacing the U.S. armament.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 1.1% to 53,026.84, and the broader Topix advanced 0.8% to 3,640.30.
Technology, semiconductor equipment makers, and shipping stocks led the gainers in Tokyo on Friday.
SoftBank Group, Tokyo Electron, Advantest Corp., and Disco Corp. gained between 2% and 4%.
Nippon Yusen, Kawasaki Kisen Kaisha, and Mitsui O.S.K. Lines fluctuated around the flatline.
Japan Oil Transport, Idemitsu Kosan, and Fuji Oil traded in a tight band of 2% amid elevated crude oil prices and an uncertain outlook over the reopening of the Strait of Hormuz.
China Indexes Closed Down On Friday After a Chaotic Week
Li Chen
03 Apr, 2026
Hong Kong
Stocks in mainland China extended weekly losses amid ongoing worries about the prolonged war in the Middle East.
The CSI 300 Index decreased by 0.7% and crude oil prices advanced as investors worried about global supply stability.
Global market sentiment remained fragile as Iran and Oman discussed plans to monitor transit through the Strait of Hormuz, and the U.S. reiterated its plans to continue bombing Iran.
China and Pakistan floated a plan, along with Saudi Arabia, Turkiye, and Egypt, to ramp up arms production in the Middle East, replacing the U.S. armament.
The U.S. military maintains at least 15 military bases in several Gulf nations; however, many of those bases have been severely damaged and are lacking a stable supply of interceptors or operational air defense systems.
China Indexes and Stocks
In Shanghai, the CSI 300 Index decreased 0.7% to 4,450.32, and financial markets were closed in Hong Kong to celebrate Good Friday and the Qingming Festival.
A private survey showed that China's business activity growth slowed in March from February amid challenging external markets and domestic environments.
The RatingDog Purchasing Managers' Index slowed to 51.5 in March from 55.4 in February, driven by a slowdown in the manufacturing index to 50.8 from 52.1 and the service index to 52.1 from 56.7 in the previous month, respectively.
In Shanghai trading, banks, EV makers, and resource stocks led the decliners.
Bank of China, BYD, Contemporary Amperex Technology, ICBC, China Vanke, and PetroChina dropped between 2% and 4%.
China Indexes Closed Down On Friday After a Chaotic Week
Li Chen
03 Apr, 2026
Hong Kong
Stocks in mainland China extended weekly losses amid ongoing worries about the prolonged war in the Middle East.
The CSI 300 Index decreased by 0.7% and crude oil prices advanced as investors worried about global supply stability.
Global market sentiment remained fragile as Iran and Oman discussed plans to monitor transit through the Strait of Hormuz, and the U.S. reiterated its plans to continue bombing Iran.
China and Pakistan floated a plan, along with Saudi Arabia, Turkiye, and Egypt, to ramp up arms production in the Middle East, replacing the U.S. armament.
The U.S. military maintains at least 15 military bases in several Gulf nations; however, many of those bases have been severely damaged and are lacking a stable supply of interceptors or operational air defense systems.
China Indexes and Stocks
In Shanghai, the CSI 300 Index decreased 0.7% to 4,450.32, and financial markets were closed in Hong Kong to celebrate Good Friday and the Qingming Festival.
A private survey showed that China's business activity growth slowed in March from February amid challenging external markets and domestic environments.
The RatingDog Purchasing Managers' Index slowed to 51.5 in March from 55.4 in February, driven by a slowdown in the manufacturing index to 50.8 from 52.1 and the service index to 52.1 from 56.7 in the previous month, respectively.
In Shanghai trading, banks, EV makers, and resource stocks led the decliners.
Bank of China, BYD, Contemporary Amperex Technology, ICBC, China Vanke, and PetroChina dropped between 2% and 4%.
U.S. and World Indexes Plunged and Oil Sored 10% Amid Uncertainty Over War On Iran
Barry Adams
02 Apr, 2026
New York City
Stocks in New York faced renewed skepticism amid new worries of uncertainties in the Middle East.
The S&P 500 Index decreased 1.4%, and the tech-heavy Nasdaq Composite fell 1.7% as investors took their cue from the oil market.
The price of a barrel of West Texas Intermediate crude oil soared 9.2% to $190.25 after the U.S. president said war could continue for several weeks and threaten to reduce Iran to "Stone Age."
Benchmark indexes in South Korea fell 4.5%, in Japan fell 2.4%, in Germany decreased 24%, in France eased 1.7%, in Hong Kong and Shanghai dropped 1%, but in India rose 0.3%.
Thursday marks the last trading session of this week in New York, and financial markets are closed for Good Friday.
On the economic front, investors are awaiting weekly jobless claims data later today and March's jobs report on Friday.
Despite a series of economic headwinds, the job market has remained resilient, but businesses have slowed hiring and firing in the previous twelve months.
U.S. Movers
Investors are looking ahead to the start of the earnings season, and Delta Airlines and Levi Strauss are set to release early next week.
Oil complex stocks headed higher after crude oil prices soared following the U.S. president's remarks.
Exxon Mobil, Chevron, ConocoPhillips, Devon Energy, and Diamondback Energy advanced as much as 4%.
Delta Air Lines, United Airlines, Alaska Air, and Southwest Airlines fell between 4% and 5%.
Royal Caribbean, Carnival, and Norwegian Cruise Line dropped between 3% and 5%.
Wall Street Indexes Dropped 2% Amid Uncertainty Related to War On Iran
Barry Adams
02 Apr, 2026
New York City
Stocks in New York faced renewed skepticism amid new worries of uncertainties in the Middle East.
The S&P 500 Index decreased 1.4%, and the tech-heavy Nasdaq Composite fell 1.7% as investors took their cue from the oil market.
The price of a barrel of West Texas Intermediate crude oil soared 9.2% to $190.25 after the U.S. president said war could continue for several weeks and threaten to reduce Iran to "Stone Age."
Thursday marks the last trading session of this week, and financial markets are closed for Good Friday.
On the economic front, investors are awaiting weekly jobless claims data later today and March's jobs report on Friday.
Despite a series of economic headwinds, the job market has remained resilient, but businesses have slowed hiring and firing in the previous twelve months.
U.S. Movers
Investors are looking ahead to the start of the earnings season, and Delta Airlines and Levi Strauss are set to release early next week.
Oil complex stocks headed higher after crude oil prices soared following the U.S. president's remarks.
Exxon Mobil, Chevron, ConocoPhillips, Devon Energy, and Diamondback Energy advanced as much as 4%.
Delta Air Lines, United Airlines, Alaska Air, and Southwest Airlines fell between 4% and 5%.
Royal Caribbean, Carnival, and Norwegian Cruise Line dropped between 3% and 5%.
China and Asia Stocks Dropped Amid Worries of Escalating Tensions in the Middle East
Li Chen
02 Apr, 2026
Hong Kong
Stocks in China and Hong Kong headed lower and trimmed weekly gains amid lingering uncertainty over the conflict in the Middle East.
The Hang Seng Index dropped 1.5%, and the mainland-focused CSI 300 Index decreased 1% as crude oil prices rebounded following mixed messages from the U.S. president.
In a televised address to the nation, Donald Trump claimed that core objectives of the latest military campaign targeting Iran, but he also threatened to escalate attacks over the next two to three weeks.
Brent crude oil prices soared 6.4% to $107.73 a barrel following Trump's belligerent message, raising fears of a prolonged disruption of shipments of energy products.
The People's Bank of China drained liquidity, reversing months of support provided to sustain the economic growth.
The central bank drained 890 billion yuan through short-term operations in March and absorbed another 250 billion yuan through longer-term tools, which indicates a significant tightening of monetary policy aimed at controlling inflation and stabilizing the economy.
China Indexes and Stocks
The Hang Seng Index decreased 1.5% to 24,924.67, and the mainland-focused CSI 300 Index declined 1% to 4,477.33.
Alibaba Holdings, Tencent Holdings, and Baidu Inc. decreased between 1% and 3%.
Zhongji Innolight, Eoptolink Technology, and NAURA Technology dropped between 2% and 3%.
China and Asia Stocks Amid Worries of Escalating Tensions in the Middle East
Li Chen
02 Apr, 2026
Hong Kong
Stocks in China and Hong Kong headed lower and trimmed weekly gains amid lingering uncertainty over the conflict in the Middle East.
The Hang Seng Index dropped 1.5%, and the mainland-focused CSI 300 Index decreased 1% as crude oil prices rebounded following mixed messages from the U.S. president.
In a televised address to the nation, Donald Trump claimed that core objectives of the latest military campaign targeting Iran, but he also threatened to escalate attacks over the next two to three weeks.
Brent crude oil prices soared 6.4% to $107.73 a barrel following Trump's belligerent message, raising fears of a prolonged disruption of shipments of energy products.
The People's Bank of China drained liquidity, reversing months of support provided to sustain the economic growth.
The central bank drained 890 billion yuan through short-term operations in March and absorbed another 250 billion yuan through longer-term tools, which indicates a significant tightening of monetary policy aimed at controlling inflation and stabilizing the economy.
China Indexes and Stocks
The Hang Seng Index decreased 1.5% to 24,924.67, and the mainland-focused CSI 300 Index declined 1% to 4,477.33.
Alibaba Holdings, Tencent Holdings, and Baidu Inc. decreased between 1% and 3%.
Zhongji Innolight, Eoptolink Technology, and NAURA Technology dropped between 2% and 3%.
U.S. and Global Stocks Advanced Amid Iran De-Escalation Hopes
Barry Adams
01 Apr, 2026
New York City
U.S. stocks advanced for the second consecutive day this week amid rising expectations that tensions in the Middle East are likely to de-escalate soon.
The S&P 500 Index increased 0.5%, and the Nasdaq Composite advanced 0.7% following a chaotic end of a difficult quarter.
The two widely followed benchmark indexes, the S&P 500 and the Nasdaq Composite, decreased 4.7% and 7%, respectively, in the first quarter after the U.S. and Israel launched aggressive air attacks on Iran.
Crude oil prices soared by as much as 83% in the first quarter and reached four-year highs, crossing $100 a barrel in New York and $115 a barrel in London.
The unprovoked war on Iran disrupted global energy product supplies, reignited food and overall inflation, and gasoline prices soared as much as 50% in the U.S. and Asia.
India, Japan, Taiwan, South Korea, the Philippines, and other Asian countries are bracing for the second wave of inflation shock as the steep rise in energy prices works its way through their economies.
At the start of the new month, benchmark indexes in Europe advanced between 1.5% and 1.9%, in Japan soared nearly 5%, soared 8% in South Korea, and in India advanced 1.7%.
U.S. Movers
RH plunged 19% to $113.02 after the home furnishing company estimated full-year revenue growth between 4% and 8%, significantly lower than the market expectation of 9%.
Dave & Buster's Entertainment advanced 6.2% to $11.50, and the company guided an increase in revenue, adjusted operating earnings, and same-store sales in 2026.
Nike, Inc. dropped 10.2% to $47.24 after the athletic shoe and apparel maker estimated weaker-than-expected revenue in the current quarter.
U.S. and Global Stocks Advanced Amid Iran De-Escalation Hopes
Barry Adams
01 Apr, 2026
New York City
U.S. stocks advanced for the second consecutive day this week amid rising expectations that tensions in the Middle East are likely to de-escalate soon.
The S&P 500 Index increased 0.5%, and the Nasdaq Composite advanced 0.7% following a chaotic end of a difficult quarter.
The two widely followed benchmark indexes, the S&P 500 and the Nasdaq Composite, decreased 4.7% and 7%, respectively, in the first quarter after the U.S. and Israel launched aggressive air attacks on Iran.
Crude oil prices soared by as much as 83% in the first quarter and reached four-year highs, crossing $100 a barrel in New York and $115 a barrel in London.
The unprovoked war on Iran disrupted global energy product supplies, reignited food and overall inflation, and gasoline prices soared as much as 50% in the U.S. and Asia.
India, Japan, Taiwan, South Korea, the Philippines, and other Asian countries are bracing for the second wave of inflation shock as the steep rise in energy prices works its way through their economies.
At the start of the new month, benchmark indexes in Europe advanced between 1.5% and 1.9%, in Japan soared nearly 5%, soared 8% in South Korea, and in India advanced 1.7%.
U.S. Movers
RH plunged 19% to $113.02 after the home furnishing company estimated full-year revenue growth between 4% and 8%, significantly lower than the market expectation of 9%.
Dave & Buster's Entertainment advanced 6.2% to $11.50, and the company guided an increase in revenue, adjusted operating earnings, and same-store sales in 2026.
Nike, Inc. dropped 10.2% to $47.24 after the athletic shoe and apparel maker estimated weaker-than-expected revenue in the current quarter.
Japan's Indexes Soared 5% Amid Hopes of De-escalation of Tensions In the Middle East
Akira Ito
01 Apr, 2026
Tokyo
Stocks in Japan rebounded amid hopes that tensions in the Middle East are likely to de-escalate sooner than previously expected.
The Nikkei 225 Stock Average advanced more than 4%, and the broader Topix gained nearly 5% amid a sharp rebound in market sentiment.
Japan's benchmark indexes ended a four-day losing streak, and the yen advanced to 158.31 against the U.S. dollar.
Despite the sharp rebound in the Asian markets, investors remained skeptical, and crude oil prices budged a little.
Iran's Foreign Minister Abbas Araghchi rejected the ceasefire and demanded compensation, guarantees, and Iran's sovereignty over the Strait of Hormuz.
Japan Indexes and Stocks
The Nikkei 225 Stock Average soared 4.5% to 53,600.89, and the broader Topix added 4.5% to 3,664.15.
Technology, semiconductor equipment makers, and AI-related stocks advanced in Tuesday's trading.
SoftBank, Tokyo Electron, Advantest Corp., and Disco Corp. surged between 3% and 7%.
Nippon Yusen, Mitsui OSK Lines, and Kawasaki Kisen Kaisha advanced between 1% and 4%.