Asian Markets Tumble Amid Global Turmoil | Tulsa News

Asian markets plunged Friday as Wall Street’s slump rippled across the region, with Japan’s Nikkei and South Korea’s Kospi taking heavy losses — even tech titans like SoftBank and Samsung tumbled. Hong Kong and Shanghai also fell, though a Chinese AI chipmaker surged on its debut. Meanwhile, oil prices soared past $108 a barrel, fueled by escalating U.S.-Iran tensions threatening key shipping lanes. Global economic nerves are frayed: investors brace for U.S. CPI data ahead of the Fed meeting, while producer price inflation accelerated, stoking bond market volatility and pushing Treasury yields to post-conflict highs. The dollar dipped slightly against the yen, and the euro weakened — a turbulent global financial landscape with many forces pulling in different directions. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5786e496c4eb806b