Asian Markets Plummet, Wall Street Bearish

0:00Asian stock markets took a beating today, echoing Wall Street's brutal 5th straight losing week, the longest streak in almost four years. Japan's Nikkei 225 dropped 4.5% to 50,979.54. Australia's S&P-slash ASX 200 fell 1.2% to 8,417. South Korea's Cospi plunged 3.2% to 5,264.32, while Hong Kong's hang sang eased one, 0.7% to 24,519.63. Wall Street wrapped up last Friday, with sharp losses since the war with Iran kicked off. The S&P 500 tumbled 1.7% or 108 points to 6,368.85. Now, 8.7% off its January peak. The Dow shed 793 points to 45,166.64, entering bear territory over 10%, below its recent high.

1:03Nasdaq sang 2.1% to 20,948.36, dragged by big tech like Amazon and Nvidia. Investors are on edge, prepping for a drawn out conflict that could spark global inflation and slow age's growth. Folks worry, this war drags on, hitting economies hard with higher costs everywhere. Oil prices climb back up after President Trump pushed his deadline to target Iran's power plants to April 6th. Bond yields for the 10-year treasury hit 4.48% before settling at 4.43%, up from 3.9%, 7% pre-war. Dollar slipped to 159.97 yen, and the Euro dipped to $1.505. Markets stay shaky with more volatility ahead, so keep watching those headlines as tensions simmer. From your city, powered by AI, this is Canada News Today. I'm Corey with The Story.