Seoul stocks crash 8.5%, Tokyo down 2.5% as Asian markets tumble; oil falls to $85

Asian markets opened sharply lower on Wednesday, with Seoul's KOSPI tumbling 8.5% and Tokyo's Nikkei falling 2.5%, according to N12 business reporter Yuval Shadmi. Oil prices continued their decline, trading around $85 per barrel.

Wednesday's trading in Asia saw a second consecutive morning of sharp declines, with Seoul's KOSPI index crashing 8.5% and Tokyo's Nikkei losing 2.5%, N12's Yuval Shadmi reported. The oil market also fell, with Brent crude trading at approximately $85 per barrel. The moves come amid ongoing global economic uncertainty and geopolitical tensions, though no single catalyst was cited in the report.

2 developments

1. 4 hours ago · 07:05 · 29 JulLatest

   Oil prices continue to decline, trading around $85 per barrel.

2. 07:04 · 29 Jul

   Seoul KOSPI down 8.5%, Tokyo Nikkei down 2.5%.

• Developing13:22 · 24 JunOil prices continue decline, nearing $75 per barrel
• Strong08:21 · 14 JulOil prices surge to $85 per barrel, extending rally
• Strong22 hours ago · 12:27 · 28 JulBrent crude falls to $85 per barrel, ynet reports
• Strong21:11 · 11 JunOil price falls again, extending recent volatility

Source and signal

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