Asian Markets Decline Amid Ongoing US-Iran Conflict

Asian markets experienced significant declines on Monday as the conflict between the United States and Iran entered its fourth week. According to NS3.AI, South Korea's Kospi index dropped by 4.71% as tensions heightened with an approaching deadline in the Strait of Hormuz. Brent crude oil prices rose to approximately $112 per barrel, marking an increase of over 55% since the conflict began in late February. Meanwhile, U.S. 10-year Treasury yields climbed to 4.41% as traders adjusted their expectations, moving away from the possibility of a Federal Reserve rate cut. Bitcoin and major altcoins also faced sell-offs alongside equities during these risk-off trading days.