Middle East tensions spark market turmoil across Asia.

Middle East tensions spark market turmoil across Asia. Escalating conflict near U.S. facilities in Baghdad and Erbil is rattling investor confidence globally. Indonesia's 10-year bond yield surged to 6.762%, a nine-month high, as regional instability drives capital away from emerging markets. South Korea's won weakened toward the 1,500 per dollar level, prompting the government to fast-track a foreign exchange stabilization bill and deploy its 100 trillion won market stabilization plan. Energy markets are particularly vulnerable, with traders betting gas prices could hit $4.50 this month. Rubber futures jumped 3.9% on supply disruption concerns. The geopolitical crisis is creating significant headwinds for Asian economies already facing inflationary pressures, with governments implementing emergency measures to stabilize currencies and protect markets from further volatility.