Japanese and Korean Equity Markets Plunge as Oil Spike and Leverage Concerns Compound Risk-Off Selling
The Quick Take
- Japanese and Korean equity markets experienced sharp declines as oil prices surged following US strikes on Iran, adding macro pressure to pre-existing leverage concerns in both markets.
- South Korea’s KOSPI and Japan’s Nikkei fell amid fears that sustained high oil prices would squeeze corporate margins and erode consumer purchasing power in these energy-dependent economies.
- Leverage concerns in both markets amplified the sell-off, as margin-financed positions in technolo
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