Asian markets settled mixed on Thursday as Federal Reserve minutes revealed a hawkish tone, with a majority of policymakers signalling that further interest rate hikes would be necessary if inflation remains sticky above their 2% target. However, Seoul shares spiked, led by technology shares after strong earnings from Nvidia. Further, there were some encouragements in the markets as US President Trump said the US was in the final stages of negotiations with Iran. Besides, tumbling crude oil prices on hopes of the reopening of the Strait of Hormuz reduced fears of energy-driven inflationary pressures. On the economic data front, South Korea's Producer prices climbed 2.5% month-on-month in April, accelerating from 1.7% in March due to higher petroleum and raw materials prices stemming from the ongoing war in Iran.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 4,077.28 | -84.91 | -2.04 |
| Hang Seng | 25,386.52 | -264.60 | -1.03 |
| Jakarta Composite | 6,094.94 | -223.56 | -3.67 |
| KLSE Composite | 1,708.36 | -9.33 | -0.54 |
| Nikkei 225 | 61,684.14 | 1,879.73 | 3.14 |
| Straits Times | 5,045.71 | 0.80 | 0.02 |
| KOSPI Composite | 7,815.59 | 606.64 | 8.42 |
| Taiwan Weighted | 41,368.21 | 1,347.39 | 3.37 |
