Nikkei Hits 66,329: US-Iran Truce Drives Global Rally
Nikkei Hits 66,329 All-Time High as US-Iran Truce Nears: Global Markets Rally in Synchronized Surge — Korea's Semiconductor Supercycle and the Inflation Dilemma I've been tracking this synchronized global rally all week, and the breadth of the move tells me this is different from the typical risk-on bounce. may 29, 2026, will be remembered as the day global equity markets moved in lockstep to new all-time highs — a rare synchronized surge that spanned New York, Tokyo, and Seoul. The catalyst was a combination of geopolitics and technology: a historic US-Iran ceasefire Memorandum of Understanding reportedly in its final stages, awaiting only President Donald Trump's signature, combined with an accelerating AI-driven semiconductor supercycle that is reshaping supply chains from Silicon Valley to Suwon. The S&P 500 rose 0.58% and the Nasdaq gained 0.91%, both closing at record levels. The Dow Jones Industrial Average eked out a 0.05% gain to a fresh all-time high....