South Korea leads decline in Asian stocks amid market downturn

South Korea's stock market experienced a significant decline, with the "KOSPI" index dropping by 5.6% to reach 7,060.69 points amid a strong wave of selling influenced by substantial losses among major technology companies such as SK Hynix and Samsung Electronics. This downturn coincided with a rise in oil prices again following U.S. strikes targeting Iran, with Brent crude rising to $78.96 and West Texas Intermediate to $74.26. The selling frenzy deepened across Asian and American markets, with major stock indices falling as tensions between Washington and Tehran escalated, impacting energy markets and global trade.

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