[MARKET UPDATE] Asia-Pac stocks begin lower as global risk sentiment continues to be weighed down by the Middle East conflict, while participants also await the looming NFP report

Asia-Pac stocks begin lower as global risk sentiment continues to be weighed down by the Middle East conflict, while participants also await the looming NFP report.

The decline in Asia-Pacific stocks reflects the prevailing risk-off sentiment fueled by the ongoing Middle East conflict, which could cause fluctuations in safe-haven assets like gold and the yen. Additionally, the anticipation of the Non-Farm Payroll (NFP) report is likely contributing to caution among investors as they seek clarity on U.S. economic health, suggesting a bearish outlook in the short term for equities.