[MARKET ANALYSIS] Asia-Pac stocks decline as the Iranian conflict entered a 4th day and with Trump warning of larger strikes to come

APAC Stocks: Mostly NegativeAsia-Pac stocks are mostly lower with risk appetite weighed down by geopolitics as the Iranian conflict entered a fourth day, and with US President Trump warning of larger strikes to come.ASX 200: -1.2%Index is led lower by weakness in mining and materials, with broad weakness seen in nearly all sectors aside from energy and financials.Nikkei 225: -2.2%Declined with the index back beneath the 57,000 level and with sentiment not helped by a rise in the unemployment rate and as higher energy prices stoke inflationary concerns, which could narrow policy space for the BoJ.Hang Seng & Shanghai Comp: Hang Seng +0.1% / Shanghai Comp -0.1%Chinese markets trade indecisively with price action rangebound despite the losses in regional peers and a fairly substantial liquidity drain by the PBoC, while participants continue to await China's annual Two Sessions conclave, which begins tomorrow.US Equity Futures: LowerTrickled lower overnight amid further military action against Iran, which continued to retaliate against neighbouring US allies.European Equity Futures -0.6%Indicate a negative cash market open with Euro Stoxx 50 futures down 0.6% after the cash market closed with losses of 2.5% on Monday.