Equities tumbled Monday in Asia after Iran ramped up Middle East tensions by launching a barrage of rockets at Israel over the weekend, fuelling fears of a wider conflict in the volatile region. Still, Saxo's Redmond Wong said: "All eyes remain on whether there will be any response from Israel and markets will likely be volatile in the day ahead to any geopolitical headlines."

Equities tumbled Monday in Asia after Iran ramped up Middle East tensions by launching a barrage of rockets at Israel over the weekend, fuelling fears of a wider conflict in the volatile region. Still, Saxo's Redmond Wong said: "All eyes remain on whether there will be any response from Israel and markets will likely be volatile in the day ahead to any geopolitical headlines."