People stand in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Monday, May 11, 2026, in Tokyo. (AP Photo\/Eugene Hoshiko)<\/small><\/p>\n
2026-05-11T05:24:06Z<\/p>\n
HONG KONG (AP) \u2014 Asian stocks were mixed Monday after Wall Street set more records, and oil surged more than 4% following U.S. President Donald Trump\u2019s rejection of Tehran\u2019s response to the latest U.S. proposal on ending the war in Iran<\/a><\/span>.<\/p>\n U.S. futures edged lower.<\/p>\n Tokyo\u2019s Nikkei 225 fell 0.4% to 62,486.84 after briefing reaching another record high in intraday trading at above 63,300. Technology-focused investment holding company SoftBank Group, one of Japan\u2019s largest stocks, fell more than 5%.<\/p>\n South Korea\u2019s Kospi gained 4.1% to 7,804.71. It also hit an all-time intraday high, led by gains from tech-related stocks including Samsung Electronics and memory chip maker SK Hynix.<\/p>\n Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war, with the Nikkei 225 and Kospi rising more than 10% and 30%, respectively, over the past month.<\/p>\n Hong Kong\u2019s Hang Seng fell 0.3% to 26,319.93. The Shanghai Composite index climbed 0.9% to 4,219.13, following official data Monday that showed China\u2019s factory gate prices rose 2.8% in April from a year ago, the highest since 2022, as well as better-than-expected export figures<\/a><\/span> released over the weekend.<\/p>\n Australia\u2019s S&P\/ASX 200 lost 0.6%. Taiwan\u2019s Taiex traded 0.9% higher, and India\u2019s Sensex fell 1.3%.<\/p>\n Oil prices jumped early Monday over Iran war uncertainties, after Trump wrote<\/a><\/span> in a social media post that Iran\u2019s response on Sunday to the U.S.\u2019s latest proposal was \u201cTOTALLY UNACCEPTABLE!\u201d<\/p>\n