[MARKET UPDATE] Asia-Pac stocks begin lower with risk appetite weighed down by geopolitics as the Iran conflict enters its fourth day, and with US President Trump warning of larger strikes
Newsquawk Staff ·
Asia-Pac stocks begin lower with risk appetite weighed down by geopolitics as the Iran conflict enters its fourth day, and with US President Trump warning of larger strikes.
What it means
The ongoing conflict in Iran is dampening risk appetite in Asia-Pacific markets, as evidenced by lower stock performance. President Trump's warnings about potential larger military strikes could escalate tensions further, likely impacting energy prices and safe-haven assets, such as gold, while creating volatility in currency markets, particularly for the USD and JPY.
- Al-Mayadeen correspondent in Iran says Iranian officials believe that Trump wants to bring the nuclear issue into the negotiations, which Iran rejects
- Ukrainian President Zelensky says negotiations between Ukraine, Russia and the US could take place as early as November 10th
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- Atomic Energy Organization of Iran Spokesman says protocol for building small reactors with Russia is being finalized
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