[MARKET UPDATE] Asia-Pac stocks begin lower following recent US-Iran threats to strike energy infrastructure
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Japan's top FX diplomat Mimura says will do utmost to respond to FX as needed, and that the government will take steps against FX moves at any time
South Korean March 1st-20th Exports rose 50.4% Y/Y, Imports rose 19.7% Y/Y and Trade Balance at provisional USD 12.13bln surplus
[MARKET UPDATE] Asia-Pac stocks begin lower following recent US-Iran threats to strike energy infrastructure
Japan is to spend around JPY 800bln from budget reserves to curb gasoline prices, according to NHK
Iranian media reports explosions in several areas of Tehran
On the Newsquawk feed at , 20 minutes before this page.
Context
The decline in Asia-Pac stocks can be attributed to heightened tensions between the US and Iran, particularly regarding threats to energy infrastructure. This geopolitical risk often translates into market volatility and could lead to a flight to safety in assets like gold or safe-haven currencies, impacting risk sentiment broadly across the region.
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