Asian stocks today: Markets trade in red amid Middle East standoff; Kospi down 6%, Nikkei sheds 1,800 points
Asian markets experienced a significant sell-off, with South Korea's Kospi plunging 6%, as fears of a deepening energy crisis gripped investors. Geopolitical tensions, particularly concerning the Strait of Hormuz and potential US-Iran conflict, fueled the market panic. Investors fled technology and consumption sectors, while energy-linked stocks saw inflows amid concerns over global supply chains and rising oil prices.
Asian markets experienced a significant sell-off, with South Korea's Kospi plunging 6%, as fears of a deepening energy crisis gripped investors. Geopolitical tensions, particularly concerning the Strait of Hormuz and potential US-Iran conflict, fueled the market panic. Investors fled technology and consumption sectors, while energy-linked stocks saw inflows amid concerns over global supply chains and rising oil prices.
