Asia Collapses as Middle East Conflict Continues
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Asia-Pacific markets experienced significant declines on Monday, with major indexes in Japan and South Korea dropping up to 5% due to escalating Middle East conflict. The Nikkei 225 fell 3.5% to 51,515.49, while the Hang Seng dropped 3.5% to 24,392.47. Other markets also saw losses: the CSI 300 sank 3.3%, the Kospi fell 6.5%, and the Straits Times Index decreased by 2.2%. Tensions escalated as U.S. President Trump threatened Iran over the Strait of Hormuz, prompting retaliatory threats from Iran.
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