General view of Hong Kong skyline in fog, taken on March 29, 2026 in Hong Kong, China.
Sawayasu Tsuji | Getty Images News | Getty Images
Asia-Pacific markets fell on Monday as investors weighed new geopolitical tensions after US President Donald Trump warned Iran to “act fast” and raised concerns about further escalation in the Middle East and potential disruption to global oil supplies.
In a post on Truth Social on Sunday, President Trump said “time is running out” for Iran, warning that “there will be nothing left” if action is not taken soon, adding: “Time is of the essence!” He did not elaborate on the measures he would like Iran to take or what the consequences would be.
Oil prices rose more than 1%. international benchmark brent crude oil July futures rose 1.90% to trade at $111.34 per barrel. us West Texas Intermediate Futures In June, the price rose 2.17% to $107.71 per barrel.
In Australia, S&P/ASX 200 It fell by 1.32%.
Japanese Nikkei Stock Average fell 0.92%, and TOPIX fell 0.77%. South Korea’s Kospi reversed losses at the start of trading and rose 1.15%, while the small-cap Kosdaq fell 1.65%.
Japan’s 10-year government bond yield rose more than 9 basis points to 2.793%, fueling a sell-off as global bond yields rose on rising inflation concerns.
hong kong Hang Seng Index The mainland’s CSI 300 index was flat, but fell by 1.49%. Taiwan’s Tyex fell 1.02%.
Despite a fragile ceasefire in early April, tensions between Washington and Tehran remain high. The United States continues to blockade Iranian ports, while Iran has maintained a blockade of the Strait of Hormuz since the conflict began.
U.S. stock futures were little changed after a record week as traders awaited quarterly results. Nvidia and major U.S. retailers.
Dow Jones Industrial Average Futures It fell 100 points, or 0.2%. S&P500 and Nasdaq 100 futures It hovered near the flatline.
On Wall Street last week, major indexes closed lower on Friday, weighed down by declines in tech stocks and rising U.S. Treasury yields after a summit between President Donald Trump and Chinese President Xi Jinping ended without major policy progress, leaving traders nervous.
of S&P500 It fell 1.24% to end at 7,408.50. Nasdaq Composite It fell 1.54% to 26,225.14. of Dow Jones Industrial Average It fell 537.29 points (1.07%) to close at 49,526.17.
Investors booked profits in tech after the group’s recent rally. especially, intel Although it retreated by more than 6%, advanced micro device and micron technology They decreased by 5.7% and 6.6%, respectively. Nvidia Although it decreased by 4.4%, cerebral system The stock, which soared 68% on Thursday, fell 10% after opening on the Nasdaq.
—CNBC’s Sean Conlon, Sarah Ming and Lisa Kai-Lai Hung contributed to this report
