In a shock for South Korea, the country's KOSPI index dropped by over 12 percent in its worst sell off ever. Share prices took a dive as investors panicked about a potential energy crisis if the Strait of Hormuz remains blocked. Many Asian countries are especially dependent on Middle Eastern oil.
Breakdown
- KOSPI index fell 12.06%, its biggest drop ever 5s
- Sell-off triggered by fears of global energy crisis after US-Israeli strikes on Iran 26s
- 71% of South Korea's energy imports come from Middle East via Strait of Hormuz 42s
- SK Hynix and Samsung stocks fell 9.5% and nearly 12%, respectively 1m 29s
- Japan's Nikkei index also saw its largest daily decline in 11 months 1m 35s
