Asian markets plunged as South Korea’s Kospi tumbled 16% in two days, AI stocks crashing despite record profits from giants like Samsung and SK Hynix. Oil prices spiked amid U.S.-Iran tensions threatening the Strait of Hormuz, while global indices reacted unevenly—with Tokyo rebounding slightly and Taiwan slipping. China’s rising AI influence fuels investor jitters. In the U.S., futures edged up after Wall Street’s losses, as the Fed’s rate hold—marred by internal debate—deepens uncertainty and volatility. Geopolitics and economics collide, reshaping global markets.
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