Japan's Nikkei down more than 5%, S. Korea's Kospi dips over 4%TOKYO, March 30, 2026 (BSS/AFP) - Japan's Nikkei tumbled over five percent in early trade Monday and South Korea's Kospi was down more than four percent after the price of oil rose again with no end in sight for the war in the Middle East. The price of the main US benchmark for oil, West Texas Intermediate (WTI), was up 3.23 percent at around 0015 GMT, once again surpassing $100 a barrel to reach $102.86. The Nikkei dipped 5.16 percent and the Kospi was down 4.41 percent before both indexes recovered slightly. His comments came after more than a month of aerial bombardments of Iran by US and Israeli forces, and as key regional players held talks in Pakistan. The war has escalated into a regional conflagration as Iran has retaliated with attacks on Gulf states and the Strait of Hormuz shipping lane, sending energy markets into a tailspin and threatening the world economy.

Source: Bangladesh Sangbad Sangstha March 30, 2026 15:25 UTC