economy
Asia-Pacific markets mostly fall as Trump’s Iran warning stokes fresh oil supply fears
Asia-Pacific markets fell as investors weighed renewed geopolitical tensions after Donald Trump warned Iran to "get moving, FAST."
TL;DR
- Asia-Pacific markets fell due to renewed geopolitical tensions after U.S. President Donald Trump warned Iran.
- Oil prices advanced over 1%, with Brent crude and WTI futures showing gains.
- Major indexes in Australia, Japan, and Hong Kong declined, while South Korea's Kospi saw a slight rise.
- U.S. stock futures were little changed, with traders anticipating Nvidia and major U.S. retailer earnings.
- Last week, Wall Street indices closed lower, influenced by tech stock losses and rising U.S. Treasury yields.