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Originally published by Capital Businessbusiness
March 4, 2026
3h ago
Asia stocks tumble for third day, oil rises as markets track Iran war
South Korea's Kospi index plunged by 10% after trading was halted temporarily by a so-called circuit breaker, which aims to avoid panic selling. Japan's Nikkei 225 was down by 3.6%, while Hong Kong's Hang Seng index fell by 3%. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Asian stock markets tumbled for a third consecutive day on Wednesday, with oil prices rising as global markets react to the escalating conflict between the US and Iran.
- The South Korean Kospi index plunged by 10%, triggering a temporary trading halt.
- The conflict has disrupted shipping lanes in the crucial Strait of Hormuz, a vital route for oil and gas.
- The International Air Transport Association (IATA) estimates aviation revenue losses of $63 billion to $113 billion in 2020 due to the impact.
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