Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Deutsche Bank Says Fed Balance Sheet Cuts Could Weaken US Dollar Instead of Boosting It 
Wall Street Ends Lower as AI Selloff, Iran Tensions Weigh on Tech Stocks 
KB Securities Explains Why KOSPI Is Falling Despite Strong Samsung, SK Hynix Earnings 
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
Oil Prices Hold Steady as U.S.-Iran Conflict and Houthi Blockade Keep Markets on Edge 
US Stock Futures Hold Steady as Tesla, Alphabet Earnings and Iran Conflict Dominate Market Focus 
The South Korean won is expected to weaken further versus the Japanese yen amid escalating external uncertainties including the U.S.-China trade tensions and Turkish political turmoil, according to the latest research report from Scotiabank.
The KRW will continue running an increasingly tight correlation with the CNH, while remaining susceptible to the Fed’s monetary policy stance, ongoing US-China trade war and geopolitical situation on the Korean Peninsula.
Additionally, the Bank of Korea (BoK) is expected to policy rate on August 31 to protect the nation’s financial stability as some members of the central bank have stressed the need to adjust accommodation according to the minutes of the July 12 policy meeting.
"In the medium term, we believe it would boost risk appetite should US-China trade tensions ease, particularly if taking account of China’s pro-growth policies that could lead to a rebound in the nation’s official manufacturing PMI and 10-year sovereign bond yield," the report commented.
