[MARKET UPDATE] Asia-Pac stocks extend on losses with global markets roiled by the widening conflict in the Middle East
Newsquawk Staff ·
Asia-Pac stocks extend on losses with global markets roiled by the widening conflict in the Middle East.
What it means
The escalating conflict in the Middle East is weighing heavily on global markets, particularly in Asia-Pac, where stocks are extending losses. This reflects heightened risk aversion among investors, likely leading to increased demand for safe-haven assets like gold and the USD as concerns about geopolitical instability grow.
- [MARKET ANALYSIS] Asia-Pac stocks are higher amid the ongoing tech rebound and record SK Hynix earnings, while participants await central bank decisions
- [MARKET ANALYSIS] DXY takes a breather after recent gains and heading into the FOMC, while NZD slumps on RBNZ's surprise pause
- [MARKET ANALYSIS] Treasury futures retreat with yields underpinned as oil prices rebounded
- [MARKET ANALYSIS] Oil prices rebounded after recent choppy price action amid mixed geopolitical headlines, while an inconclusive Israeli election adds to the uncertainty
- [MARKET UPDATE] Asia-Pac stocks follow suit to the gains on Wall St, where the Nasdaq outperformed as tech stocks continued to shrug off recent AI-related concerns, while participants digest SK Hynix earnings and await the looming central bank decisions
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