Asian indices retreat as oil prices spike; Nikkei and Kospi plunge over 6% amid Middle East war crisis

2026-03-09 01:40:00 ET

Asian stocks traded in the red on Monday as sentiment weakened as t he US-Israeli war with Iran entered its second week with no clear resolution, while major Middle Eastern oil producers cut output and shipments through the Strait of Hormuz remained halted. Oil prices continued to surge, climbing to their highest levels since 2022. ...

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