Hong Kong, March 9, 2026 (AFP) - Asian equities plunge as oil soars 30% on Mideast crisis

NAMPA / AFP

2026-03-09

Asian stock markets plunged Monday as oil prices soared 30 percent on fears about supplies from the Middle East as the US-Israeli war against Iran continued into a second week with no sign of letting up. Investors, already spooked by concerns over extended tech valuations and the huge spending on AI, ran for the hills as crude rocketed to its highest level since the Russian invasion of Ukraine in 2022. Fears grew that the Middle East conflict cou......

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