South Korea's KOSPI Tumbles 3% as Iran Conflict Fuels Oil Rally to Multi-Week Peak
Asian markets tumbled as US airstrikes on Iran boosted oil to a five-week high and triggered a global bond selloff, with KOSPI down 3%.
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Asian markets tumbled as US airstrikes on Iran boosted oil to a five-week high and triggered a global bond selloff, with KOSPI down 3%.
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Oil hit a near six-week high as US-Iran fighting continued. Central banks in Japan, New Zealand and Australia signaled more tightening.
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Asian stocks fell sharply as US-Iran fighting lifted oil and bond yields to multi-year highs.
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The RBNZ raised its cash rate by 25bp to 2.75%, as widely expected.