Hong Kong, May 6, 2026 (AFP) - Oil sinks and stocks rally on peace hopes, Samsung tops $1 trillion

NAMPA / AFP
2026-05-06
Oil prices extended losses and stocks rallied Wednesday on fresh hopes for an end to the Iran war and the reopening of the Strait of Hormuz, while Samsung blasted past the $1 trillion valuation mark as the AI tech boom continued apace. Investors welcomed Donald Trump's decision to pause efforts to help stranded ships through the crucial waterway, which drew Iranian attacks, threatening an already fragile ceasefire. The US president, who had been......
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NDIYONA, 05 May 2026 - Newly recognised Hompa of the VaGciriku community, Bartholomeus Aruvita Kayoka, greets members of the public after he was announced as the new Hompa at Ndiyona on Tuesday. (Photo by: Sawi Hausiku) NAMPA

NDIYONA, 05 May 2026 - Newly recognised Hompa of the VaGciriku community, Bartholomeus Aruvita Kayoka, greets members of the public after he was announced as the new Hompa at Ndiyona on Tuesday. (Photo by: Sawi Hausiku) NAMPA

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OTJINENE, 05 March 2026 - Okaoveni FC crowned Otjinene May tournament (Photo: Contributed)

OTJINENE, 05 March 2026 - Okaoveni FC crowned Otjinene May tournament (Photo: Contributed)

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KATIMA MULILO, 14 March 2025 - Bush Bucks FC continued their dominant run in the Namport Zambezi Regional Second Division League over the weekend, thrashing Green Eagles FC 4-0 on Saturday at the UNAM Sports Field. (Photo by: Michael Mutonga Liswaniso) NAMPA

KATIMA MULILO, 14 March 2025 - Bush Bucks FC continued their dominant run in the Namport Zambezi Regional Second Division League over the weekend, thrashing Green Eagles FC 4-0 on Saturday at the UNAM Sports Field. (Photo by: Michael Mutonga Liswaniso) NAMPA

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KAMUPUPU, 04 May 2026 - Swapo leaders urged Namibians to honour national sacrifices through unity and service at the 48th commemoration of Cassinga Day at Kamupupu village in the Kavango West Region on Monday. (Photo by: Lylie Joel) NAMPA

KAMUPUPU, 04 May 2026 - Swapo leaders urged Namibians to honour national sacrifices through unity and service at the 48th commemoration of Cassinga Day at Kamupupu village in the Kavango West Region on Monday. (Photo by: Lylie Joel) NAMPA

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GIBEON, 04 May 2026 - Vice President Lucia Witbooi delivers the keynote address at the Cassinga Day commemoration held in Gibeon. (Photo: Contributed)

GIBEON, 04 May 2026 - Vice President Lucia Witbooi delivers the keynote address at the Cassinga Day commemoration held in Gibeon. (Photo: Contributed)

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OLUKEKETE, 04 May 2026 - Cassinga  massacre survivor Ignatius Mwanyekange pictured during the Cassinga day commemoration at Okalukekete village in the Omusati Region on Monday. (Photo: Contributed)

OLUKEKETE, 04 May 2026 - Cassinga massacre survivor Ignatius Mwanyekange pictured during the Cassinga day commemoration at Okalukekete village in the Omusati Region on Monday. (Photo: Contributed)

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KAMUPUPU, 04 May 2026  - Member of Parliament and Swapo Central Committee member, Austin Samupwa. (Photo by: Lylie Joel) NAMPA

KAMUPUPU, 04 May 2026 - Member of Parliament and Swapo Central Committee member, Austin Samupwa. (Photo by: Lylie Joel) NAMPA

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OLUKEKETE, 04 May 2026 - President Netumbo Nandi-Ndaitwah lays a wreath at the Outapi PLAN fighters’ mass grave site ahead of the 48th Cassinga Day commemoration at Olukekete Centre in the Outapi Constituency. (Photo: Contributed)

OLUKEKETE, 04 May 2026 - President Netumbo Nandi-Ndaitwah lays a wreath at the Outapi PLAN fighters’ mass grave site ahead of the 48th Cassinga Day commemoration at Olukekete Centre in the Outapi Constituency. (Photo: Contributed)

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