RBA Hike, Iran Tensions Drop Asian Markets

Asian equity indices fell, with Hong Kong down 1.4%, Singapore 0.3%, India 0.8%, amid heightened Iran‑Strait of Hormuz tensions.
Australia’s ASX 200 slipped 0.4% after Reserve Bank raised rates by 25 basis points, its third hike this year, citing Middle‑East risks.
Westpac Banking Corp fell 1.8% on profit miss, while gold miner Regis Resources dropped 4.9% after announcing a takeover of Vault Minerals.
The RBA warned Middle‑East conflict could policy, raising CPI outlook and cutting 2026 growth forecasts, with analysts eyeing 25‑bp hike in Q3.