Nikkei 225, Kospi, Hang Seng Index, oil
Tokyo Tower stands amidst buildings at dusk in Tokyo, Japan.
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South Korean stocks fell sharply on Monday, leading declines in the region as the Middle East war entered its fifth week.
The benchmark Kospi lost over 5%, while the small-cap Kosdaq was 3.97% lower. of japan Nikkei 225 Topix fell 3.97% while losing 3.9%.
of Australia S&P/ASX 200 It was 1.46% lower.
of hong kong Hang Seng index Futures settled at 24,630, below the benchmark’s last close of 24,951.88.
Yemen’s Houthi movement said on Saturday it had fired missiles at Israel, marking its first direct involvement in the US-Israeli-led war against Iran.
Houthi spokesman Yahya Saree said in a post on channel X that the group had launched a barrage of ballistic missiles at what it described as sensitive Israeli military sites in support of Iran and allied Hezbollah forces in Lebanon.
The attack indicates that the conflict, which started with air strikes by the USA and Israel against Iranian targets on February 28, will escalate further.
Oil prices were higher during Asian trading hours. West Texas Intermediate crude oil futures rose 2.58% to $102.19 per barrel.
Linked to futures trading in the USA Dow Jones Industrial Average It fell 253 points, or 0.6%. S&P 500 futures And Nasdaq 100 futures each lost 0.5%.
Last Friday, the Dow Jones Industrial Average fell and fell into correction territory. The 30-stock Dow index closed at 45,166.64 points, down 793.47 points, or 1.73%. The S&P 500 index lost 1.67 percent and finished the session at 6,368.85, its lowest level in seven months. Nasdaq Composite index decreased by 2.15 percent to 20,948.36 points.
The broad market index fell 2.1% in the period, marking its fifth consecutive weekly decline. The tech-heavy Nasdaq is down 3.2% so far, while the leading Dow is down 0.9% for the week.
— CNBC’s Sean Conlon and Lisa Kailai Han contributed to this report.
