Asian equity markets continue to bear the brunt of investor anxiety over U.S. President Donald Trump’s launch of large-scale strikes on Iran last week, amid worries of an extended conflict in the Persian Gulf and a sharp shock to energy markets.
Market indices plunged on Monday. Japan’s Nikkei 225 fell by around 5.2% on Monday, while South Korea’s KOSPI sank by 6.2%. Vietnam’s VN-Index is down by around 5.7%. Other Asian markets dropped by smaller amounts: Hong Kong’s Hang Seng Index fell by around 1.8%, and India’s NIFTY 50 is down by 2.5% in morning trading.
