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South Korea’s Kospi and Japan’s Nikkei tumble more than 5% as Trump-Iran threats escalate
South Korea's Kospi fell 6.2% and Japan's Nikkei dropped 4.7% amid war fears as oil prices surged 55% this month, escalating energy inflation risks.
- On Monday, March 23, 2026, share markets in Asia tumbled as US-Iran threats escalated, with South Korea's market dropping 1.2% and Japan's Nikkei falling 4.7%.
- On Monday, Iran's Ghalibaf said 'Critical infrastructure and energy and oil infrastructure throughout the region will be considered legitimate targets and irreversibly destroyed, and oil prices will rise for a long time', amid Trump’s threats over the Strait of Hormuz.
- Oil markets showed renewed volatility with Brent crude at US$111.90 per barrel and U.S. crude near flat at US$98.35, while HSBC noted jet fuel up 175% this year and Asian LNG climbed 130%.
- Market pricing shifted, with ten-year U.S. Treasury yields rising to 4.4110% and futures wiping out 50 basis points of Federal Reserve easing expectations, pushing borrowing costs higher and clouding profit outlooks.
- Rising fuel and fertiliser costs mean bunker fuel surges have blown out shipping costs, and fertiliser prices will raise food expenses, with Shane Oliver warning oil could reach US$150 per barrel.
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18 Articles
18 Articles
Asian markets today: Japan's Nikkei 225, South Korea's KOSPI, others plunge up to 6% as tension escalates in US-Iran war
Asian markets tumbled more than 5% on Monday on escalating tensions in the Middle East. Checkout stock market movements in Asian countries and in the US.
·New Delhi, India
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Mid Florida Newspapers+3 Reposted by 3 other sources
South Korea's Kospi down 5% as Asian shares fall after Trump's Iran threats
South Korea’s Kospi has plunged 5% and Asian shares fall sharply after the U.S. and Iran threatened to target crucial infrastructure as the Iran war entered its fourth week. President Donald Trump warned Saturday that the U.S. will “obliterate” Iran’s…
Associated Press News+4 Reposted by 4 other sources
Asian shares decline as hopes dim for resolution in Iran after Trump's latest comments
Asian shares are slipping in morning trading, as oil prices continued to climb after President Donald Trump’s latest comments dashed hopes for an early end to the war in Iran.
·United States
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Coverage Details
Total News Sources18
Leaning Left6Leaning Right0Center9Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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