[MARKET UPDATE] Asia-Pac stocks slide at the open following the escalation in the Middle East conflict with Yemeni Houthis joining in the war, while US and Israel conducted strike on Iran's metal plants and some energy-related facilities

The escalation of conflict in the Middle East, marked by the involvement of Yemeni Houthis and strikes on Iranian facilities by the US and Israel, is weighing on Asia-Pacific stocks this morning. This could lead to heightened risk aversion and volatility in energy markets, potentially boosting safe-haven assets like gold while pressuring oil prices amidst concerns over supply disruptions. Traders should closely monitor these developments for broader impacts on equity and commodity markets.