Iran War Intensifies Asian Market Losses; Indices Plunge Up to 2%

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Asian Markets Plunge as Iran War Escalates; Indices Down Up to 2%

A window cleaner works next to Japan's Nikkei stock prices quotation board at a building in Tokyo, Japan February 19, 2024. REUTERS/Issei Kato

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CNBC TV18•03-03-2026, 06:29

Asian Markets Plunge as Iran War Escalates; Indices Down Up to 2%

•Asia-Pacific markets extend Monday's losses as the Iran war continues for the fourth day.
•South Korea's KOSPI drops 1.6%, Japan's Nikkei falls 0.8%; Australian indices also down.
•Rising energy costs fuel inflation concerns, impacting bond markets; US Dollar and crude oil maintain gains.
•Asian equities decline despite Wall Street's overnight recovery, due to oil import dependency and supply disruption fears.
•Reserve Bank of Australia 'very alert' to inflation implications from Middle East conflict; Yen trades at 157 against USD.

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