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stocksAug 3, 2026, 5:18 AM

Asian Stocks Mixed as AI Selloff, Yen Rally Offset Iran Optimism

Asian equities were mixed on Monday as a technology-led selloff and a strengthening yen weighed on sentiment, despite easing geopolitical tensions in the Middle East.

KOSPINIKKEIUSDJPY

Asian shares opened the week in mixed fashion. South Korea's KOSPI and Japan's Nikkei 225 declined, countering improving risk appetite linked to easing Middle East concerns.

The technology sector faced selling pressure, contributing to the AI-driven drawdown. A concurrent rally in the yen added headwinds for Japanese exporters, further dampening regional equity performance.

While the broader tone remained fragile, some markets managed to resist the downdraft, reflecting the session's split between geopolitical relief and technical headwinds.

Source: FXStreet Forex News