Traders work on the floor of the New York Stock Exchange on April 17, 2026. Michael M. Santiago/Getty Images
Global equity markets diverged on Tuesday, with Asian shares under pressure and Wall Street rebounding, as oil prices eased slightly but remained elevated amid ongoing U.S.–Iran hostilities that continue to cloud the outlook for energy supply and global growth.
Equity markets across Asia weakened in thin trading on May 5, reflecting caution after renewed exchanges of fire in the Persian Gulf raised doubts about the durability of a fragile ceasefire.
