Asia Markets Mixed; S Korea Stocks Retreat 2.3% from Peak; Report Says India Mulls Emergency Steps to Protect FX Reserves

AASTOCKS News
2026.05.12 08:23
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Asia-Pacific equity markets showed mixed performance on the 12th, with South Korea's Kospi retreating 2.3% from its peak. Major indices in China fell, while Taiwan and Japan saw gains. India’s Nifty 50 and BSE Sensex dropped, with reports suggesting the government is considering emergency measures to protect foreign exchange reserves amid rising oil prices due to the Iran conflict. No final decisions have been made yet regarding these measures.