"Asian Stocks" Asian stocks fell across the board, with some indices in Japan and South Korea experiencing circuit breakers; South Korean stocks dropped nearly 6%

U.S. President Trump has given Iran 48 hours to unblock the Strait of Hormuz, or he will attack Iran's power system. Iran has warned that it will retaliate by attacking neighboring countries' energy and water facilities. The market is paying close attention to the escalating situation in the Middle East, and the Asia-Pacific stock markets fell across the board this morning (23rd).

The People's Bank of China conducted a seven-day reverse repurchase operation, with a net withdrawal of 129.3 billion yuan in a single day. The Shanghai Composite Index fell by 98 points or 2.5%, closing at 3,858 points; the Shenzhen Component Index dropped by 351 points or 2.5%, closing at 13,515 points. The Hang Seng Index in Hong Kong fell by 876 points or 3.5% to 24,400 points, with a turnover of 192.4 billion yuan. The Taiwan Weighted Index fell by 930 points or 2.8%, closing at 32,613 points. Hon Hai, Delta Electronics, and MediaTek fell by 3.7% to 4.7%, while TSMC dropped by 1.9%.

The Nikkei Index in Japan fell by 2,053 points or 3.8% in the afternoon, closing at 51,319 points. Heavy industry stocks such as Mitsubishi Heavy Industries, Kawasaki Heavy Industries, and IHI fell by 5.9% to 6.9%, while shipping stocks like Nippon Yusen, Kawasaki Kisen, and Mitsui O.S.K. Lines dropped by 6.8% to 7.7%. JX Metals plummeted by 10.7%, and South Korea's KOSPI Composite Index fell by 335 points or 5.8%, closing at 5,446 points. Samsung Electronics, SK Hynix, Hyundai Motor, and Doosan Enerbility fell by 5.5% to 6.6%, while Hyundai Heavy Industries dropped by over 8%. The South Korean exchange triggered a circuit breaker for the KOSPI 200 futures index and the Tokyo Stock Exchange's growth market 250 futures in the early market.

The Nifty 50 Index in India fell by 572 points or 2.5%, closing at 22,542 points. Non-bank financial stocks like Shriram Finance fell by 5%, Tata Steel and Adani Ports and Special Economic Zone dropped by 4.7% and 4.6%, while the low-cost airline IndiGo fell by 3.8%.

The S&P/ASX 200 Index in Australia fell by 60 points or 0.7%, closing at 8,368 points. Gold mining stocks like Newmont plummeted by 7.2%, while Rio Tinto and the National Australia Bank fell by 2% and 2.1%. The NZX 50 Index in New Zealand fell by 90 points or 0.7%, closing at 12,899 points.

The Straits Times Index in Singapore fell by 104 points or 2.1%, closing at 4,844 points. Singapore Telecommunications and chip testing company UMC fell by 4.6% and 5.1%, while real estate stock Hua Ye Group dropped by 5.3%, and bank stock DBS fell by 1.4%. The stock markets in Thailand and the Philippines fell by 2.2% and 3.2%, while the Hanoi and Ho Chi Minh stock markets in Vietnam dropped by 1.7% and 2.1%. The stock markets in Malaysia and Indonesia are closed for holidays