Market Outlook: Asian Benchmarks Signal Retreat Asian equity benchmarks are positioned to retreat from recent record highs, tracking overnight weakness on Wall Street. This downward pressure stems primarily from a pronounced sector rotation, as investors divest from high-valuation technology stocks in favor of other asset classes. Regional sentiment is reflected in the futures markets, with indices for Japan, Hong Kong, and China all trending lower following a significant decline in the Nasdaq 100. The technology-heavy sell-off in U.S. markets has set a cautious tone for the Asian trading session. In the commodities sector, crude oil prices have softened. This decline follows public statements from President Trump suggesting a de-escalation of internal tensions in Iran, specifically regarding the cessation of violence against protesters, which has eased immediate geopolitical risk premiums.