Published May 6, 2026, 9:50 PM ET · Updated 6 months ago · 1 source

Asian stocks hit record high, dollar wobbles on peace deal hopes

reuters
reuters
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Original Report

SINGAPORE, May 7 (Reuters) - Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep ​losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of ‌Hormuz remains unresolved.Japan's Nikkei (.N225) , opens new tab returned from a long holiday to cross 62,000 for the first time, catching up on a blistering AI-led rally after robust earnings that has also catapulted South Korean (.KS11) , opens new