Japan’s Nikkei and South Korea’s KOSPI faced significant downward pressure, mirroring a broader cooling of the chipmaker rally that defined the previous quarter. The decline in energy costs, triggered by progress in diplomatic discussions between the United States and Iran, further complicated the trading environment for industrial sectors. Hong Kong’s Hang Seng index emerged as the session’s outlier, managing to sustain gains against the regional tide.
Market participants are now bracing for Thursday’s non-farm payrolls release. Economists remain divided on the potential outcomes, leaving traders sensitive to any signals regarding the Federal Reserve's future monetary policy. The looming data release serves as a primary barometer for risk appetite, with analysts expecting heightened volatility as the market seeks clarity on whether the current economic cooling will force a shift in central bank strategy.
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