[MARKET UPDATE] Asia-Pac stocks begin mostly higher following the mild gains on Wall St, where the S&P 500 and NDX extended on record highs, but with the upside capped by higher oil prices and geopolitical uncertainty

Asia-Pacific stocks are opening primarily higher, reflecting positive momentum from Wall Street where both the S&P 500 and NDX reached record highs.

Newsquawk StaffPublished 12 May 2026, 00:29 UTCOn the live feed at 00:09 UTC — 3 more headlines followed before this page went public

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00:23

PBoC is expected to set USD/CNY mid-point at 6.7945 (prev. 6.8467)

00:19

WSJ's Bade posts "BEEF TARIFF CUT DELAYED, per White House"

00:09

[MARKET UPDATE] Asia-Pac stocks begin mostly higher following the mild gains on Wall St, where the S&P 500 and NDX extended on record highs, but with the upside capped by higher oil prices and geopolitical uncertainty

00:07

US released another 53.3mln barrels from Strategic Petroleum Reserve to companies including Trafigura, Marathon Petroleum (MPC), and Exxon Mobil (XOM) in an effort to ease soaring fuel prices caused by the Iran war and disruptions in the Strait of Hormuz

00:04

US President Trump says planning large safety surge in DC for 250th anniversary, adds will help New York and LA if requested

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Context

However, the potential for further gains is limited by rising oil prices and ongoing geopolitical uncertainties, which may introduce volatility and caution into the trading sessions ahead.

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