Asian shares extend losses, Kospi sinks 10%, as the war with Iran widens and oil surges higher
Teona Gherasim
BANGKOK (AP) — Asian shares fell further on Wednesday after the global sell-off for stocks hit Wall Street, with South Korea’s benchmark plunging 10%, while oil prices climbed even higher. Worries over the widening war with Iran have hammered most world markets. Higher oil prices and how much they might worsen inflation are among the central fears for investors. More spikes for oil prices may grind down the global economy and sap corporate profits. South Korea’s Kospi led regional losses,
astăzi