SINGAPORE: Stocks slumped at the start of the Asian trading session on Wednesday as a bond market-induced panic on global markets spilled over into the region, after renewed attacks by the U.S. on Iran pushed oil prices higher.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8% in early trading as South Korea's KOSPI dropped 3% on the open and Japan's Nikkei 225 sank 2.2%. S&P 500 e-mini futures were flat.
