Asian Stock Markets Plunge Over 10% as Israel-U.S.-Iran Conflict Escalates

Asian equity markets fell sharply as the conflict involving Israel, the U.S. and Iran intensified, fueling investor panic and concerns over a potential energy shock. South Korea's KOSPI index recorded historic losses of more than 10%, triggering trading curbs amid steep declines and panic selling. The selloff deepened across the region as oil prices surged and supply disruption risks through the Strait of Hormuz weighed on energy-dependent economies.