[MARKET UPDATE] Asia-Pac stocks begin lower following the tech weakness stateside and ongoing US-Iran escalation, while markets in South Korea are closed due to Constitution Day
Newsquawk Staff ·
Asia-Pac stocks begin lower following the tech weakness stateside and ongoing US-Iran escalation, while markets in South Korea are closed due to Constitution Day.
- [MARKET UPDATE] Asia-Pac stocks begin negative following the tech selling on Wall St, which had spurred a flight-to-quality
- [Market Update] Risk-off trade continues as AI concerns linger; stocks trade at new lows with NQ -3.0% as tech leads losses, while gold sees new lows; Treasuries push to new highs, weighing on USD; oil trades off highs supported by geopolitical risk
- [MARKET UPDATE] WTI tops USD 100/bbl as punchy comments from Iran overnight gets wider airing
- [MARKET UPDATE] USD/JPY falls to a 157.29 session low as geopolitical updates from the APAC session are digested and receive greater coverage
- [MARKET UPDATE] Risk-on trade seen at 12:39EDT/17:39BST with desks citing OFAC authorising offloading of some cargo involving some blocked vessels; Downside in oil, equity futures hit new session highs, gold and bonds rallied, while USD saw pressure
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