[MARKET UPDATE] Asia-Pac stocks are mostly subdued as the region follows suit to the losses on Wall St where the S&P 500 and DJIA pulled back from record highs, while US President Trump took aim at the housing and defence industries

Asia-Pac stocks are mostly subdued as the region follows suit to the losses on Wall St where the S&P 500 and DJIA pulled back from record highs, while US President Trump took aim at the housing and defence industries.

The subdued performance of Asia-Pac stocks reflects the spillover effect from Wall Street's recent pullback, underscoring concerns in the markets. President Trump's comments targeting the housing and defense industries may amplify anxiety over regulatory impacts, suggesting investors are cautious about potential implications for economic growth and corporate profitability. This backdrop could influence risk appetite across equities and related assets.