Asia Summary and Highlights 23 Jun
Major equity indexes opened lower
U.S. strike Iran nuclear site over the weekend
Asia Session
After U.S.'s strike towards Iranian nuclear site, oil has opened significantly higher with equities opening lower. While partial opening gap has been filled, they are not out of the woods yet as market participants are waiting patiently for Iran's retaliation. Iran has threatened to close the Strait of Hormuz and if factual, could see another jump in oil prices. USD is broadly bid for haven seeking and see USD/JPY is higher at 147.19, 0.77% higher than Friday's close and did not close the gap.
Major equity indexes opened lower but as session progress most gaps are closed at least once. Regional equities, except Japanese, are outperforming U.S. major equity indexes. HSI and Chinese equity indexes are in the green. AUD/USD is trading 0.65% lower at 0.6407, NZD/USD is trading 0.8% lower at 0.5919 while USD/CAD rose 0.17%. Else, EUR/USD is down 0.09% and GBP/USD is down 0.17%. Major currency pairs tried but are pips away from closing the gap.