Market Overview
On May 4, major Asian stock markets rose broadly after opening. Japan’s Nikkei index and South Korea’s KOSPI both gained approximately 1%, while Hong Kong’s Hang Seng Index rose about 0.8%.
Gulf Proposals Boost Confidence
According to Reuters, markets reacted positively to new diplomatic proposals for the Gulf region. Investors believe these proposals could help ease regional tensions and reduce the risk of energy supply disruptions.
Oil Price Trends
International oil prices remained steady on the day, with both Brent and WTI crude fluctuating less than 0.5%. Analysts noted that the US announcement of naval escorts for Strait of Hormuz vessels partially offset geopolitical risk premiums.
Outlook
Market focus will shift to upcoming Gulf diplomatic negotiations and the specific implementation timeline of the US escort operation.