{"id":135543,"title":"What happened overnight – Friday 8th May 2026","publisher":"Share Talk","author":"sharetalk","published":"2026-05-08T07:02:01+00:00","modified":"2026-05-08T07:02:01+00:00","canonical_url":"https://www.share-talk.com/what-happened-overnight-friday-8th-may-2026/","markdown_url":"https://www.share-talk.com/what-happened-overnight-friday-8th-may-2026.md","json_url":"https://www.share-talk.com/what-happened-overnight-friday-8th-may-2026.json","category":"B2B","categories":["B2B","Blogs","Technology","Technology, Media & Telecoms"],"tags":["Asia","Bangkok","china","Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Greenland plan","Hong kong","Jakarta","Japan","Manila","mining stocks","Mumbai","Nasdaq Composite","NATO alliance","Netherlands","Nikkei 225","Norway","S&P 500","Seoul","shanghai","Singapore","Sydney","Taipei","Taiwan","Tokyo","UK","United States","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/05/overnight-1-1.webp?fit=750%2C406&ssl=1","format":"news","language":"en-GB","content":"### Asian stocks fall as renewed Iran tensions lift oil prices\n\nAsian markets retreated on Friday while oil prices climbed after fresh missile and drone attacks raised concerns over the stability of the fragile ceasefire between the US and Iran.\n\nBrent crude rose towards $103 a barrel as investors reacted to renewed tensions around the Strait of Hormuz, a critical artery for global energy exports.\n\nIn Japan, the Nikkei 225 fell 1.1% to 62,174.12, with SoftBank Group dropping more than 5%.\n\nElsewhere across the region, South Korea’s KOSPI lost 1.1%, Hong Kong’s Hang Seng Index fell 1.3%, and China’s Shanghai Composite slipped 0.3%.\n\nAustralia’s S&P/ASX 200 dropped 1.7%, while Taiwan’s Taiex and India’s Sensex also moved lower.\n\nThe renewed market volatility followed reports from US Central Command that Iranian forces launched missile and drone attacks targeting US naval vessels in the Gulf, although no ships were hit.\n\nMeanwhile, United Arab Emirates officials said air defence systems were actively intercepting further missile and drone attacks early on Friday.\n\nDespite the escalation, Donald Trump insisted the ceasefire with Iran remained in place.\n\nOn Wall Street, major indices retreated modestly after hitting record highs earlier in the week. The S&P 500 fell 0.4% to 7,337.11, while the Nasdaq Composite slipped 0.1% to 25,806.20. The Dow Jones Industrial Average closed 0.6% lower at 49,596.97."}