Asian stocks today: Korean stock markets hit circuit breaker after plunging 11% amid Middle East crisis

Asian equities saw a sharp sell-off on Wednesday, with Kospi leading the fall as escalating war fears and surging oil prices unsettled investors. South Korea’s benchmark Kospi index sank 8.1%, triggering a halt in trading. The sharp fall happened as worries about energy security outweighed earlier optimism around the AI-driven gains of major tech firms…

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Iran Conflict: Middle East tensions: Global insurers exit Iranian waters as conflict deepens

MUMBAI: India’s trade and energy supplies face fresh risks after reinsurers and Protection & Indemnity (P&I) clubs announced cancellation of war risk insurance for vessels transiting the Strait of Hormuz and Iranian waters, following an escalation in the Iran conflict. The cancellations, effective from this week, have left over 150 vessels stranded and disrupted a…

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