Asia’s stock markets dive after attacks on energy facilities in Qatar, Iran
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Asian stock markets experienced a sharp decline on Thursday following attacks on energy facilities in Qatar, Iran, and the United Arab Emirates. The attacks exacerbated concerns about global energy supplies, particularly for countries like Japan and South Korea, which heavily rely on imported fossil fuels. The Nikkei 225 and KOSPI indexes both fell nearly 3 percent. The price of Brent crude oil rose over 4 percent, reaching over $112 a barrel. Qatar is the world's third-largest exporter of LNG. The market downturn followed declines in US stocks due to growing inflation fears. Analysts are calling the attacks a major escalation in the regional conflict.
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AI-ExtractedThe attacks on energy facilities are a “major escalation” in the regional conflict.
Qatar accounted for 77.2 million tonnes of LNG supply in 2024.
Futures for Brent crude rose more than 4 percent to top $112 a barrel.
Japan’s benchmark Nikkei 225 and South Korea’s KOSPI tumbled nearly 3 percent early on Thursday morning.
Asian stock markets have fallen sharply after attacks on natural gas facilities in Qatar, Iran and the United Arab Emirates.
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