Tokyo Tower stands tall among buildings at dusk in Tokyo, Japan.
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South Korean stocks plunged on Monday, leading the region’s decline as the Middle East war enters its fifth week.
The benchmark Kospi plunged more than 5%, while the small-cap Kosdaq fell 3.97%. Japan’s Nikkei Stock Average fell 3.97%, and TOPIX fell 3.9%.
Australia’s S&P/ASX 200 fell 1.46%.
Hong Kong’s Hang Seng Index futures stood at 24,630, below the benchmark’s last closing price of 24,951.88.
Yemen’s Houthis announced Saturday that they had fired a missile at Israel, marking their first direct involvement in the U.S.-Israel-led war against Iran.
Houthi spokesman Yahya Salih said in a post on X that the group launched a barrage of ballistic missiles at a suspected Israeli stronghold in support of Iran and its Hezbollah allies in Lebanon.
The attack is a sign of further escalation in the conflict that began with U.S. and Israeli airstrikes on Iranian targets on February 28.
Oil prices rose in early trading in Asia. West Texas Intermediate crude oil futures rose 2.58% to $102.19 per barrel.
In the United States, futures trading is Dow Jones Industrial Average It fell by 253 points (0.6%). S&P500 futures and Nasdaq 100 futures Each decreased by 0.5%.
Last Friday, the Dow Jones Industrial Average fell and fell into correction territory. The Dow 30 fell 793.47 points (1.73%) to close at 45,166.64. The S&P 500 fell 1.67% to close at 6,368.85, a seven-month low. The Nasdaq Composite fell 2.15% to settle at 20,948.36.
The broad market index fell for the fifth straight week, dropping 2.1% over the same period. The tech-heavy Nasdaq is down 3.2% since the start of the week, and the blue-chip Dow is down 0.9% for the week.
—CNBC’s Sean Conlon and Lisa Kailai Han contributed to this report.
