Asian markets tumble, Kospi sheds over 7.8%
Asian markets declined sharply on Thursday, led by heavy losses in South Korea and Japan, as stronger-than-expected U.S. inflation heightened concerns over tighter Federal Reserve policy and escalating attacks on commercial vessels in the Strait of
October 15, 2026 (MLN): Asian markets declined sharply on Thursday, led by heavy losses in South Korea and Japan, as stronger-than-expected U.S. inflation heightened concerns over tighter Federal Reserve policy and escalating attacks on commercial vessels in the Strait of Hormuz added to geopolitical uncertainty. South Korea’s Kospi plunged more than 7.84%, with technology heavyweights SK Hynix and Samsung Electroni...