Asian markets crash as crude oil price hits 52-week high, logging 20% intraday gain; Nikkei, Kospi fall over 6%
Asian markets plunged up to 6% on Monday as surging crude oil prices due to the war in the Middle East lead to a sharp sell-off in risky assets. Oil prices breached $100 per barrel for the first time since 2022. Japan’s Nikkei 225 tumbled 6.22% and fell below the 53,000 mark for the first…