Asia Markets Bounce as Oil Climbs, Caution Dominates Outside Region

📉 ASIA — Oil gains aren't lifting all boats; some are quietly heading for exits. 📌 LOOK CLOSER: Asian exporters with energy import dependency — Japan, South Korea, India — face a margin squeeze that a bounce doesn't fix. Tokyo and Seoul absorb higher input costs while US SPR stays at 1983 lows and OPEC+ holds output. The split between energy producers rallying and importers hedging is widening. If Brent holds above $96, caution becomes correction.