Asian markets slide on surging oil, rising yields, Iran tensions

PSX Update • Sep 2, 2026

Asian markets fell sharply on Wednesday, extending Wall Street’s losses as surging oil prices, rising bond yields and intensifying Middle East tensions weighed on investor sentiment.

September 2, 2026 (MLN): Asian markets fell sharply on Wednesday, extending Wall Street’s losses as surging oil prices, rising bond yields and intensifying Middle East tensions weighed on investor sentiment. Japan’s Nikkei 225 declined 2.80%, while the broader Topix fell 2.18%. South Korea’s Kospi dropped 3.59%, with the small-cap Kosdaq down 1.49%. Australia’s S&P/ASX 200 declined 1.17%, while Hong Kong’s Hang...