[MARKET UPDATE] Asia-Pac stocks begin mixed after quiet geopolitical headlines over the weekend and amid a US-Canada trade war, while participants look to this week's key events including US sanctions on Iran, NVIDIA earnings and the Jackson Hole Symposiu

A mixed Asia-Pac open after a quiet weekend tape is the standard pattern when the session is a placeholder ahead of a heavy late-week calendar: early moves tend to fade as liquidity thins and participants position rather than commit. Bilateral trade friction of the US-Canada kind has historically been treated as a localised story, hitting the directly exposed sectors and the Canadian dollar rather than broader risk, unless it escalates into retaliation rounds. The week's three anchors behave differently: fresh Iran sanctions transmit through crude via supply expectations and freight and insurance costs; NVIDIA earnings have in recent cycles set the tone for the whole AI-linked equity complex and index breadth, not just the semis peer set; and Jackson Hole is a speech event whose market weight has depended on whether the chair's remarks confirm or push back against the prevailing path priced at the front end. The usual sequence is subdued, headline-driven trade early in the week, with genuine repricing reserved for the earnings print and the symposium. Until then, gap moves on thin headlines have tended to retrace.