Asia Open

EMERGING ASIA

The U.S. seems to have paused their military operation and received a message from their Iranian counterparts that they will halt strikes so long as U.S. pause continues. It was somewhat previewed by late Friday's oil price action but was confirmed at the opening bell of Monday. It could provide a breather for the Middle East tension but far away from smooth logistics in the Strait of Hormuz.

Oil slumped and equities are cheering, though such maybe shortlived when both sides exchange fire again.