Oil worries and Iran war hammer Asian stocks, with Korea’s KOSPI taking the biggest hit

Asian stock markets fell sharply due to concerns over oil prices and potential Iran conflict, with South Korea's KOSPI index experiencing the steepest decline. Analysts characterize the market movement as a knee-jerk risk-off reaction to geopolitical tensions.

• →Oil price concerns and Iran war fears drove significant selling pressure across Asian equity markets.
• →South Korea's KOSPI index suffered the largest decline among Asian stock indices.
• →Market analysts view the selloff as an immediate risk-off response rather than fundamental deterioration.
• →Geopolitical tensions in the Middle East are creating broader market volatility across Asia.
• →The reaction suggests investors are moving to safer assets amid uncertainty over potential conflict escalation.