Asian markets traded mixed in early deals on Monday, as geopolitical tensions intensified in the Middle East over the weekend. Global investors reacted to a deadly attack on Riyadh's international airport alongside new tanker strikes near the Strait of Hormuz. In response, US President Donald Trump announced that the United States might join forces with Saudi Arabia to strike back against Iran-backed Houthi forces in Yemen. Moreover, surging bond yield notes also pressured the investor sentiments. Hang Seng dipped on persistent weakness in the Chinese property sector, and investor anxiety over margin compression in major tech stocks facing high AI infrastructure costs. Meanwhile, stock market of Japan is closed for sports day.
Hang Seng down by 15.35 points or 0.06% to 24,196.00, KOSPI Index tumbled by 231.63 points or 3.50% to 6,394.30, Jakarta Composite plunged by 117.98 points or 1.97% to 5,975.78, and Shanghai Composite dropped by 10.92 points or 0.29% to 3,802.87. On the flipside, Straits Times up by 17.80 points or 0.33% to 5,419.69Taiwan Weighted climbed by 48.72 points or 0.10% to 49,362.16, and FTSE Bursa Malaysia KLCI index added by 7.87 points or 0.49% to 1,616.32.
