South Korean and Japanese stock markets saw a sharp decline at the start of trading on Monday, as the price of US benchmark oil exceeded $100 per barrel. The surge in energy costs raised concerns about slowing global economic growth and increasing inflationary pressures. Investors began selling stocks, fearing impacts on corporate earnings and consumer demand.
Sharp Decline in South Korean, Japanese Markets as Oil Surpasses $100
South Korean and Japanese stock markets fell sharply on Monday as US oil prices exceeded $100 per barrel, raising concerns about global economic slowdown and inflation.
