Asia stocks fall for third day, oil steadies as investors watch Iran war

Teona Gherasim

Asian stock markets fell for a third day in a row on Wednesday while oil prices steadied as investors watch developments in the US-Israel war with Iran. In choppy trade, South Korea's Kospi index was 3.7% lower in early trading after slumping by more than 7% on Tuesday. Japan's Nikkei 225 was about 2.3% lower, while the ASX 200 in Australia was down by 1.5%. Brent crude and US-traded oil prices were both up by around 0.5% in morning trade in Asia after surging for the last two days. The