Asian shares are mostly higher, tracking Wall Street's fresh records, and oil prices fall
Asian shares experienced an upward trend, influenced by record highs in the U.S. stock market. The surge was particularly notable in South Korea and Taiwan, driven by investments in technology and artificial intelligence. Meanwhile, oil prices declined, contributing to a mixed performance across other Asian markets.
- ▪South Korea's Kospi rose nearly 5%, reaching an all-time high.
- ▪Taiwan's benchmark index also surged due to heavy buying in technology stocks.
- ▪U.S. stocks set new records, with the S&P 500 climbing 0.6% after the Memorial Day holiday.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onAsian shares are mostly higher, tracking Wall Street's fresh records, and oil prices fallAsian shares are mostly higher and oil prices have fallen after the U.S. stock market rose to recordsByELAINE KURTENBACH AP business writerMay 26, 2026, 11:31 PM1:23A dealer stands near the screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026.
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