ASIA-PAC EQUITIES UPDATE: Asia-Pac stocks resumed the post-Liberation Day selling after Wall St suffered its worst loss since the COVID-era

APAC Stocks: Negative

• Asia-Pac resumed the post-Liberation Day selling after Wall St suffered its worst loss since the COVID-era, while fresh drivers are light amid the Greater China holiday closure and with participants now awaiting US jobs data.

ASX 200: -1.9%

• Retreated at the open with the declines led by heavy losses in tech and energy in which the latter was pressured after oil prices fell by around 7% amid tariff turmoil and news that OPEC+ decided to increase output by a larger-than-scheduled 411k barrels per day in May.

Nikkei 225: -2.6%

• Continued its recent sell-off and fell below the USD 34,000 level with better-than-expected Household Spending data doing little to spur a recovery.

KOSPI: -1.3%

• Price action was initially choppy but ultimately weakened after the Constitutional Court upheld President Yoon's impeachment which sparked some angry protests and triggered an election to be held within 60 days.

US Equity Futures: -0.5%

• Trickled lower overnight as selling persisted following Wall St's largest one-day loss since 2020.

European Equity Futures -0.5%

• Indicate a lower cash market open with Euro Stoxx 50 futures down 0.5% after the cash market closed with losses of 3.6% on Thursday.

04 Apr 2025 - 04:17- ForexAsian Research- Source: Newsquawk