US EditionAsian Markets in Free Fall as Oil Price Surge Stokes Inflation Fears
Seoul's Kospi index dropped 12% in one day as Middle East tensions closed a key shipping lane, pushing oil prices up and raising inflation and interest rate concerns, analysts said.
7 Articles
7 Articles
Oil shock fear hits Asian tech stocks while European selloff pauses
Selling in hard-hit European shares paused on Wednesday, March 4, as the focus shifted to Asia — including a record-breaking crash in Seoul, where investors dumped chipmakers on fears the widening Middle East war will create an oil price shock, raising inflation and delaying interest rate cuts. Traders’ rush to unload different asset classes around the world has at times threatened to become chaotic this week as they process the consequences of …
Asian Markets in Free Fall as Oil Price Surge Stokes Inflation Fears
Investors in Asia are dumping technology stocks as they brace for an inflation shock from the surging oil prices that would delay interest rate cuts or even lead to increased rates. The Seoul market in South Korea saw on Wednesday its biggest-ever crash with selloffs focused on chip makers and technology stocks. Traders are concerned that the escalating war in the Middle East and the surge in oil and gas prices would reignite inflation and slow…
The control of the Strait of Ormuz by the guards of the Revolution will have been the drop of too much. Asian markets have unscrewed this night, the Seoul Stock Exchange must be temporarily stopped. What happened? The article Panic wind in Seoul – Why did the fall of Asian stock markets accelerate last night? appeared first on Cryptoast.
MARKETS.— Asian stocks plummeted on Wednesday, with a historic collapse of the market in Seoul, while investors settled positions concentrated in chip manufacturers in fear that an expansion of the war in the Middle East would cause an oil shock that would drive inflation and delay rate cuts. Asia relies heavily on energy imports passing through the almost paralysed Strait of Hormuz, and tension became particularly visible in Seoul, where the se…
Asian Market Rout Intensifies as Mideast Crisis Pushes Oil Higher
Stock markets across Asia were hit again on Wednesday amid panic selling over fears the Israel-US war on Iran will fan inflation and rock the global economy. The Korean market suffered the worst again, with the Kospi index plunging by more than 12% as investors unwound tech positions built up in recent months in local chip giants because of the AI boom. The selling came as oil prices rallied further on the fifth day of attacks on the Islamic rep…
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