[MARKET UPDATE] Asia-Pac bourses trade in the red (ASX 200 -0.9%, Nikkei 225 -0.7%, KOSPI -1.8%) while US equity futures reverse earlier losses; WTI futures pull back from highs but remains firmly in the green; DXY muted

The pullback in Asia-Pac bourses reflects growing concerns or profit-taking after recent gains, particularly notable in the KOSPI, which is down 1.8%.

Newsquawk StaffPublished 8 May 2026, 00:25 UTCOn the live feed at 00:05 UTC — 2 more headlines followed before this page went public

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00:20

Labour holds onto its seat in the Farnworth (Halton) ward by one vote

00:16

PBoC is expected to set USD/CNY mid-point at 6.8138 (prev. 6.8487)

00:05

[MARKET UPDATE] Asia-Pac bourses trade in the red (ASX 200 -0.9%, Nikkei 225 -0.7%, KOSPI -1.8%) while US equity futures reverse earlier losses; WTI futures pull back from highs but remains firmly in the green; DXY muted

00:04

US President Trump says his trip to China is going to proceed and that a great meeting will be had

00:03

US President Trump says the Iran ceasefire is still on and that the US is negotiating with the Iranians; Pakistan asked the US not to do Project Freedom during the negotiations

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Context

Meanwhile, the recovery in US equity futures suggests some divergence in sentiment, indicating potential resilience in the US market despite global headwinds. WTI remaining in the green, albeit pulling back, could point to sustained demand concerns, while the muted DXY indicates a lack of directional momentum in the dollar, possibly amidst mixed economic signals.

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