Asian stock markets declined on March 30, 2026, as rising oil prices and ongoing tensions in the Iran war weighed on investor sentiment.
The downturn follows sharp losses on Wall Street last Friday, marking its fifth consecutive week of declines, the longest losing streak in nearly four years. Investors across Asia, particularly in Japan, are concerned about limited access to the Strait of Hormuz, a key route for oil shipments.
In energy markets, U.S. crude rose by $2.28 to $101.92 per barrel, while Brent crude increased by $2.88 to $115.45 per barrel. Before the conflict, Brent was priced at around $70 per barrel, highlighting the sharp rise.
Analysts warn that a prolonged conflict could drive inflation and slow economic growth in Asia. Xavier Lee said markets are likely to remain volatile in the near term.
Bond yields also edged higher, with the 10-year U.S. Treasury yield reaching 4.43%. Meanwhile, the U.S. dollar weakened slightly against the Japanese yen.
The developments reflect growing global uncertainty, with markets closely watching the situation for signs of stability.
0 Comments