[MARKET UPDATE] Mixed start to Asia-Pac trade as the region reflects on last Friday's tech rally and NFP beat, as well as the latest geopolitical developments with US President Trump rejecting Iran's response to the peace proposal
The mixed start in Asia-Pac trade reflects a complex interplay of factors, particularly last Friday's tech rally and stronger-than-expected NFP data, which might support a more resilient risk sentiment.
PBoC is expected to set USD/CNY mid-point at 6.7988 (prev. 6.8502)
South Korean May 1st-10th Exports rose 43.7% Y/Y, Imports rose 14.9% Y/Y, Trade Balance is at a provisional USD 1.7bln surplus
[MARKET UPDATE] Mixed start to Asia-Pac trade as the region reflects on last Friday's tech rally and NFP beat, as well as the latest geopolitical developments with US President Trump rejecting Iran's response to the peace proposal
PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCK NEWS: Honda (7267 JT) suffers FY oper. loss of around JPY 400bln, Sony (6758 JT) forecasts FY26 net to increase 12.5% Y/Y to JPY 1.16tln
[CALENDAR ADDITION] US White House spokeswoman says regarding US President Trump's expected visit to China this week that the opening ceremony will be held on Thursday morning and a state banquet will be held on Thursday evening
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However, President Trump's rejection of Iran's response to the peace proposal adds a layer of geopolitical uncertainty that could weigh on market confidence and influence currencies, especially the USD and JPY. Traders should monitor how these developments might affect broader risk assets in the coming sessions.
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