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Asia open: Global markets jolted by US-Iran ceasefire violation, and traders brace for NFP
Global markets turned volatile after reports of a US-Iran ceasefire violation triggered renewed geopolitical fears ahead of the closely watched US non-farm payrolls report. Oil prices rebounded sharply above key levels, while equities pulled back from record highs as traders reassessed stagflation risks and central bank policy expectations. Asian markets weakened amid rising energy concerns, with the Nikkei 225 at risk of a short-term corrective decline from overbought conditions.
by Kelvin Wong
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