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investingLive Asia-Pacific market moving news: Hormuz incident and Iran threats
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Unconfirmed Iranian media reports pointed to attacks on US bases in Kuwait, while Iran's foreign minister was reported to have arrived in Iraq.
Australian household spending beat forecasts in June, reinforcing expectations the RBA holds rates next week; AUD/USD outperformed.
Amazon Chair Jeff Bezos sold $4.07 billion of AMZN shares; Palantir posted 93% revenue growth and raised full-year guidance on surging AI demand.
Both indices lost momentum as the session progressed, with the Nikkei and Kospi softening from their early highs.
Palantir Technologies, meanwhile, posted a standout quarter, with revenue up 93% year-over-year to around $1.9 billion and US commercial revenue surging 149%.