Asian stocks mostly up, KOSPI falls

The main Kospi index of South Korean stocks declined by 4.9% to close at 6,491 points, with Samsung Electronics shares dropping by 4.4% and SK Hynix memory chip shares falling by 3.3%, amid escalating tensions between the United States and Iran and their impact on global energy markets. In contrast, other Asian indices recorded modest gains, while Chinese and Indian stock markets experienced mixed performances amid concerns over continued geopolitical escalation and its effects on the global economy. Oil prices rose by more than 2.6%, influenced by the intensification of clashes between the U.S. and Iran, with Brent approaching $90 per barrel, reflecting increased tension in global energy supplies.

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