Asian Stocks Slide on Iran Tensions; KOSPI Drops 6%
Asian equity markets fell on Tuesday amid escalating Iran risks, with South Korea's KOSPI tumbling 6%. The decline followed a sharp drop in US technology stocks as investors took profits from the AI-driven rally.
Asian stock indices declined broadly on Tuesday as geopolitical tensions involving Iran weighed on investor sentiment. South Korea's KOSPI led the sell-off, plunging 6%.
The downturn tracked a sharp overnight slump in US technology shares, prompting profit-taking after a powerful artificial intelligence-driven rally. Most markets in the region ended in negative territory.
Source: FXStreet Forex News