Asian Markets Slip; ASX Falls 0.6%

Asian equities fell as heightened Iran‑Hormuz tensions rattled risk appetite, with the Hang Seng down 0.8% and Singapore’s STI down 0.3%.
Australia’s ASX 200 slipped 0.6% ahead of an expected 25‑bp RBA rate hike, the third this year, amid oil‑driven inflation worries.
Westpac Banking fell 1.8% after first‑half fiscal profit missed forecasts, while Regis Resources dropped 4.9% following its announced acquisition of Vault Minerals.
Hong Kong tech stocks retreated after DeepSeek’s AI model boost in late‑April, with the Hang Seng down 0.8% as profit‑taking set in.