Asian Markets Plunge Amid Iran Conflict Escalation

0:00It's March 23rd, from your city to your ears. This is Canada News Today, powered by AI. Asian stock markets took a sharp dive at the start of the week, with South Korea's Cosby dropping 5% amid rising tensions in the Iran. Conflict, now in its 4th week. The plunge came after threats from the United States and Iran, to strike critical infrastructure. Early Monday trading saw the coast be fall, as much as 6.3% before easing a bit. Hands, Nikkei 225, slid 4.3% to 51,088.30. Hong Kong's hangsang was 2.8%, closing at 24,580.11, while Shanghai's composite, index dipped nearly 2% to 3879.86. Investors reacted with alarm to the escalating rhetoric, pulling back from riskier assets as fears grew over disruptions to global oil supplies, through the strait of hormones. On Saturday, President Donald Trump warned that the U.S. would target Iran's power plants

1:02and less the vital waterway fully reopened within 48 hours. Iran fired back on Sunday, vowing to hit key American energy and infrastructure targets in retaliation. Markets remain on edge as leaders watch for any moves that could worsen the standoff, and ripple further through world economies.