Asian markets settle lower on Monday
Indonesian and Malaysian markets were closed in observance of the Eid al-Fitr festival
Asian markets settled lower on Monday as the US-Israel conflict with Iran entered its fourth week. US President Donald Trump issued a 48-hour ultimatum on Saturday threatening to ‘obliterate’ Iranian power plants if the Strait of Hormuz is not fully reopened by late Monday, while Tehran warned it would respond to any such strikes by targeting US energy, IT and desalination infrastructure across the region. Market sentiments weakened further as elevated crude oil prices exacerbated global inflation and economic growth concerns, reinforcing a hawkish stance among major central banks. Investors awaited for the release of the S&P Global Flash US PMI data due Tuesday to gauge economic growth, inflation, and Federal Reserve policy direction. Indonesian and Malaysian markets were closed in observance of the Eid al-Fitr festival.
| Asian Indices | Last Trade | Change in Points | Change in % |
| Shanghai Composite | 3,813.28 | -143.77 | -3.63 |
| Hang Seng | 24,382.47 | -894.85 | -3.54 |
| Jakarta Composite | -- | -- | -- |
| KLSE Composite | -- | -- | -- |
| Nikkei 225 | 51,515.49 | -1,857.04 | -3.48 |
| Straits Times | 4,841.30 | -107.57 | -2.17 |
| KOSPI Composite | 5,405.75 | -375.45 | -6.49 |
| Taiwan Weighted | 32,722.50 | -821.38 | -2.45 |
