Asian stocks today: Nikkei tumbles 3,000 points, Kospi down 7%; markets trade in red as oil prices soar beyond $100

Asian stocks plummeted Monday as surging oil prices, driven by Middle East supply concerns, rattled markets. South Korea's Kospi led the decline, falling over 7.8%. Brent crude surpassed $118 a barrel, reaching a 14-year high, fueling fears of significant global economic harm.

Asian stocks today: Nikkei tumbles 3,000 points, Kospi down 7%; markets trade in red as oil prices soar beyond $100
Asian stocks plummeted Monday as surging oil prices, driven by Middle East supply concerns, rattled markets. South Korea's Kospi led the decline, falling over 7.8%. Brent crude surpassed $118 a barrel, reaching a 14-year high, fueling fears of significant global economic harm.