[MARKET UPDATE] Asia-Pac stocks begin mostly lower with peace talks in Islamabad on hold, while US President Trump announced to extend the ceasefire until discussions conclude but will maintain the naval blockade in Hormuz
Asia-Pacific stocks opening lower reflects market caution as peace talks in Islamabad are stalled.
Australian Westpac Leading Index MM (Mar) -0.1% (Prev. -0.1%)
US Secretary of State Rubio will join talks between Israel and Lebanon on Thursday
[MARKET UPDATE] Asia-Pac stocks begin mostly lower with peace talks in Islamabad on hold, while US President Trump announced to extend the ceasefire until discussions conclude but will maintain the naval blockade in Hormuz
Iranian Parliament's National Security and Foreign Policy Commission member Khazarian says while Trump is announcing the end of the ceasefire unilaterally, at the same time he raised the maritime blockade, which is a ridiculous contradiction
Japanese Exports YoY (Mar) Y/Y 11.7% vs. Exp. 11% (Prev. 4.2%, Low. 6.4%, High. 14.2%)
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Trump's announcement of a ceasefire extension, paired with the maintenance of the naval blockade in Hormuz, suggests ongoing tensions that could impact energy prices and broader risk sentiment, particularly in forex and equities.
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