Asia-Pacific markets fall on renewed Middle East tensions Asia-Pacific markets declined, mirroring Wall Street losses, due to elevated oil prices and inflation worries stemming from U.S.-Iran tensions. Key stock indices in South Korea, Japan, Australia, China, Hong Kong, and India all saw decreases. The conflict escalated with Iran striking Kuwait International Airport and U.S. forces launching self-defense strikes, prompting warnings from Israel’s Prime Minister about Iran playing with fire.

• Asia-Pacific markets fell, tracking overnight losses on Wall Street.
• Tensions between Iran and the U.S. are keeping oil prices elevated, stoking inflation worries.
• Kuwait International Airport was struck by Iran, following U.S. strikes on Qeshm Island.
• Israeli Prime Minister Benjamin Netanyahu stated that Israel and the U.S. are prepared to strike Iran again.
• Oil futures saw gains on Wednesday but were lower on Thursday.
• Major indices in South Korea, Japan, Australia, China, Hong Kong, and India experienced declines.
• SoftBank Group dropped over 11% after selling a stake in Lenskart Solutions.
• U.S. stock futures indicated further losses, and major U.S. indices closed lower on Wednesday.