Trump's Project Freedom reshapes Middle East geopolitics and markets.

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Trump's Project Freedom reshapes Middle East geopolitics and markets. South Korean stocks hit record highs Monday, surging 5.12% as Samsung and SK Hynix climbed on tech optimism. The announcement of a U.S. military operation to clear the Strait of Hormuz triggered mixed reactions across global markets. Oil prices rose modestly, with WTI futures gaining 0.98% to $102.92 and Brent climbing 1.07% to $109.31 per barrel. U.S. stock futures showed cautious gains, with S&P 500 futures up 0.11% and Nasdaq 100 futures advancing 0.33%. Australia's ASX 200 declined 0.37%, while Hong Kong's Hang Seng gained 1.26%. The geopolitical development signals potential shifts in energy markets and defense spending that could influence investor sentiment throughout the week.

Asia markets set to open mixed after Trump unveils plan to free ships in Hormuz

Monday, May 4, 2026 at 11:00 AM

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