Asian shares slide as Kospi drops over 6%, Brent extends rally above $85 a barrel
AI Market Summary
Risk-off sentiment hit Asian equities as South Korea's Kospi plunged over 6% and Japan's Nikkei fell over 3%, led by semiconductor losses and renewed doubts about AI-trade valuations. Meanwhile Brent extended a fourth day of gains above $85 on reports of renewed US strikes on Iran, intensifying Persian Gulf supply-disruption fears. Softer inflation supported Australian and New Zealand bonds, but geopolitics dominated near-term cross-asset positioning.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT-0.51%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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Asian equities fell, led by a drop of more than 6% in South Korea’s Kospi and a decline of over 3% in Japan’s Nikkei 225, while MSCI’s Asia Pacific index slipped 1.7%. SK Hynix Inc sank more than 8.4%, weighing on semiconductor stocks. Brent crude rose for a fourth straight session to above $85 a barrel after the U.S. renewed strikes on Iran, fueling concerns over supply disruption in West Asia. Australian and New Zealand government bonds opened higher as inflation reports cooled expectations for near-term Fed hikes, though rising Persian Gulf tensions dominated sentiment.
