Asia’s stock markets plunge amid US-Israeli conflict with Iran
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Asian stock markets plummeted sharply on Tuesday amid the escalating US-Israeli conflict with Iran. The conflict, which has entered its fourth day, saw key indexes in Japan, South Korea, Australia, and mainland China fall significantly, with South Korea's KOSPI experiencing the largest losses at 6.5 percent. Airlines, which have cancelled thousands of flights to the Middle East, also suffered significant losses, including Korean Air's 9 percent decline and Japan Airlines' 6 percent drop. The sell-off came after US stocks held firm overnight despite growing economic risks, including surging energy prices amid Iran's threat to shut the Strait of Hormuz. Oil prices soared as much as 13 percent on Monday before easing overnight. The conflict has sparked widespread travel disruptions across the Middle East and Europe.
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