# Tokyo's Nikkei 225 soared 5.7% during intraday trading, setting a new record.

*business · news · 2026-05-07 · Devdiscourse*

## Key points

- Tokyo's Nikkei 225 surged 5.7% intraday, setting a new record after 'Golden Week' reopening.
- Japan's Nikkei index has risen 73% over the past year, driven by the AI tech stock boom.
- Oil prices dropped nearly 8% as optimism grew about a potential US-Iran crude shipping deal.
- The S&P 500 reached a new record, propelled by strong AMD and Nvidia earnings.
- The US took military action against an Iranian oil tanker, escalating tensions despite deal hopes.

**Companies:** Nvidia, AMD
**Countries:** Japan, Hong Kong, Australia, Taiwan, South Korea, United States, Iran

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/business/3899433-asian-stocks-soar-amid-us-iran-tensions-and-ai-boom)

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