Market news for May 28, 2026: Iran conflict and US strikes drove Asian stocks lower, challenging peace optimism. Oil rebounded 2 per cent, pressuring inflation and bond yields, while AI-driven chip sales buoyed South Korean exports despite broader market risks.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written by: Howie Lim (howielim@sph.com.sg)

Produced and edited by: Chai Pei Chieh & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

Produced with AI text-to-speech capabilities

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Hormuz tides turn: Iran deal buoys stocks, yet Strait's shadow looms

BT Market Focus

Hormuz tides turn: Iran deal buoys stocks, yet Strait's shadow looms