Japanese, South Korean, and Taiwanese stocks plunged; South Korea's stock market tumbled 8%, triggering a circuit breaker. Samsung Electronics fell 10% at the open, and TSMC dropped 5.7%.
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The US-Iran ceasefire agreement is in jeopardy, compounded by last week’s strong employment data boosting rate hike expectations, global risk assets have taken multiple hits.
Iran launched several rounds of missiles at Israel, causing an already fragile Middle East ceasefire situation to become increasingly critical. Asia-Pacific stock markets opened