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Hong Kong and Shanghai stocks plunged as Middle East tensions spiked oil prices above $110, fueling inflation fears and triggering a regional sell-off.
Hong Kong's Hang Seng Index dropped over 3% to 24,435.74 amid heightened Middle East tensions, while Shanghai's markets fell 2.2% to 3,871.75.
Rising oil prices above $110 a barrel due to the conflict fueled concerns about inflation and global growth, triggering a regional sell-off.
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Las acciones de Hong Kong y Shanghai se desplomaron a medida que las tensiones en Oriente Medio elevaron los precios del petróleo por encima de los 110 dólares, alimentando los temores a la inflación y desencadenando una venta regional.