Asia’s stock markets decline due to Iran-Israel conflict and Wall Street concerns

Asia’s major stock markets experienced significant declines, with South Korea’s KOSPI index dropping nearly 9 percent, triggering a circuit breaker for the second time this year. The downturn followed renewed conflict between Israel and Iran and heightened fears of imminent interest rate hikes in the U.S. Other regional markets also fell, including Japan’s Nikkei 225, which decreased by 3.9 percent, and Taiwan’s TAIEX, down 3.5 percent. The sell-off was exacerbated by a recent slump in U.S. tech stocks, particularly affecting Asian tech shares.

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