The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMediumUpdated×4•Originally published 23 April 2026•Updated 24 April 2026•

1 min read

Asian Shares Pull Back from Record Highs as Oil Prices Weigh on Nikkei

Key Facts

1The Japanese Nikkei 225 index briefly rose above the 60,000 level for the first time ever.

2South Korea’s Kospi and Taiwan’s main index both reached all-time record peaks.

about 1 month ago

Version History

1 additional source confirmed this story

Version 4about 1 month ago

What changed: Updated the story to include expectations for the upcoming Bank of Japan interest rate decision and key economic data releases from China, Australia, and Taiwan.

Version 3about 1 month ago

What changed: Added specific Japan core CPI data (1.8%) and established the direct link between Middle East tensions and Japanese domestic inflation.

Version 2about 1 month ago

What changed: Updated to confirm the Nikkei index has officially dropped below the 60,000 threshold according to Reuters data.

Version 1about 1 month ago

What changed: Updated the story to reflect the physical pullback of Asian shares and the tangible impact of rising oil prices on equity indices.

Asian equity markets have pulled back from record highs, with the Nikkei 225 trading below the 60,000 mark as Japan's core CPI accelerated to 1.8%. The focus is now shifting to the Bank of Japan, which is set to announce a hotly-debated interest rate decision in the coming week. Persistent energy costs driven by tensions in the Strait of Hormuz continue to weigh on regional sentiment, prompting profit-taking in the Kospi and Taiwan indices. Beyond central bank policy, the market is bracing for a heavy slate of macro data, including China's PMI and Australia's inflation figures. Furthermore, Taiwan's upcoming GDP release will be closely scrutinized for signs of regional economic health. Investors remain cautious as they pivot from current geopolitical pressures to these forward-looking catalysts.