Asia markets extend Wall Street losses amid geopolitical tensions and inflation concerns. The Dow Jones hit a new yearly low after producer prices surged beyond expectations, with the Federal Reserve maintaining rates at 3.5% to 3.75% while signaling delayed rate cuts. Energy markets are volatile as Iran tensions escalate, with Brent crude climbing 6.12% to $113.97 per barrel. Regional indices fell sharply: Japan's Nikkei dropped 3.38%, South Korea's Kospi declined 2.73%, and India's Nifty 50 plunged 2.43%. The Bank of Japan held rates steady at 0.75% as anticipated. Tech stocks suffered significant losses, with Samsung and SK Hynix falling over 3.8% each. These declines reflect growing investor anxiety about persistent inflation, geopolitical risks, and uncertain monetary policy trajectories across major economies.
