🔴 Southeast Asia ETF (ASEA) is trading 3% down as oil and bond yields stoke rate fears

ASEA is trading at $20.15, down 3.03%, as rising oil prices and bond yields stoke inflation and rate concerns.

• Southeast Asian equities weakened alongside broader markets.
• Renewed Middle East tensions, including the Riyadh airport attack and fears of further Iran strikes, added risk-off pressure.
• Emerging Asian markets faced a headwind; ASEA is heavily weighted toward Singaporean banks, led by DBS at 20.57%.