Asian stock markets suffered steep losses on Monday, with South Korea's benchmark index plummeting nearly 9 percent amid escalating geopolitical tensions between Iran and Israel and a broad-based sell-off on Wall Street.
Japan's Nikkei 225 dropped more than 6 percent, while Taiwan's Taiex fell over 5 percent. Hong Kong's Hang Seng Index shed nearly 3 percent, reflecting widespread investor anxiety.
The downturn followed a sharp decline on Wall Street on Friday, where the S&P 500 fell 2.5 percent amid concerns over slowing economic growth and disappointing corporate earnings.
Analysts warned that the convergence of geopolitical risks and economic uncertainty could trigger further volatility in the coming days. Central banks across the region are closely monitoring the situation, with some poised to intervene if necessary.