On April 13, risk aversion intensified across Asia-Pacific markets amid escalating tensions in the Middle East. Japan’s Nikkei 225 opened down 0.9%, while South Korea’s KOSPI plunged 2.17% at the open before paring some losses. Fears that a possible Hormuz Strait blockade could fuel global inflation and hinder recovery have led to widespread selling of risk assets.

In the currency market, the U.S. dollar index remained weak, while the euro and pound strengthened slightly. The USD/CNY exchange rate stayed below 7.0, showing resilience in RMB assets. Global shipping costs continued to rise, adding upward pressure on international trade expenses.

The U.S. was set to begin blocking maritime traffic to Iranian ports from 22:00 local time. Iran’s tough response has raised the risk of further escalation. In the short term, Asia-Pacific markets are expected to stay under pressure, with funds favoring energy and defense sectors while growth and consumer stocks face downward pressure.