Similar to Q2, Kospi volatility continues to drive markets, while Iran is still uncertain
• Asian markets are currently experiencing volatility driven by the Kospi and ongoing geopolitical uncertainty regarding Iran. • Mixed macroeconomic data was reported, including June PMI Manufacturing figures showing expansion in Taiwan (55.2), Thailand (53.6), Malaysia (50.7), Philippines (50.9), and Vietnam (51.8). • Corporate headwinds persist as Nike struggles in China and Microsoft is speculated to implement further job cuts.
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