Asia-Pacific markets plunged on Monday after a US strike on three nuclear sites in Iran lifted oil prices and investors worried about an escalation in the Middle East conflict.
Oil prices have surged in recent weeks amid rising tensions in the Middle East.
Brent crude was trading at $78.66 a barrel, after jumping 2.14%, as of 9:43 a.m. Singapore time, while West Texas Intermediate crude was up 2.23% at $75.47.
Japan's benchmark Nikkei 225 fell 0.56%, while the broader Topix index dropped 0.49%.
In South Korea, the Kospi index fell 1.05%, while the small-cap Kosdaq index dropped 1.78%.
Hong Kong's Hang Seng Index fell 0.58% in early trading, while mainland China's CSI 300 Index fell 0.4%.
In Australia, the S&P/ASX 200 fell 0.76%.
U.S. equity futures fell in early Asian trading hours following the U.S. strikes on Iran. Futures tied to the Dow Jones Industrial Average fell 109 points, or 0.3%. S&P 500 futures fell 0.3% and Nasdaq 100 futures dropped 0.4%.
Two of Wall Street's three major benchmarks fell Friday as investors continued to watch the Middle East conflict while weighing the Federal Reserve's plans to cut interest rates.
The S&P 500 fell 0.22% to close at 5,967.84, the broad-based index's third straight session of declines. The Nasdaq Composite fell 0.51% to close at 19,447.41, while the Dow Jones Industrial Average rose 35.16 points, or 0.08%, to close at 42,206.82. (alg)
Source: CNBC
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