{"id":329083,"date":"2026-03-09T01:10:08","date_gmt":"2026-03-09T01:10:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/329083\/"},"modified":"2026-03-09T01:10:08","modified_gmt":"2026-03-09T01:10:08","slug":"japan-south-korea-stocks-tumble-over-6-as-oil-tops-100-amid-broader-asia-market-rout","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/329083\/","title":{"rendered":"Japan, South Korea stocks tumble over 6% as oil tops $100 amid broader Asia market rout"},"content":{"rendered":"<p>Fire breaks out at the Shahran oil depot after U.S. and Israeli attacks, leaving numerous fuel tankers and vehicles in the area unusable in Tehran, Iran, on March 8, 2026.<\/p>\n<p>Anadolu | Anadolu | Getty Images<\/p>\n<p>Japan&#8217;s Nikkei 225 and South Korea&#8217;s <a href=\"https:\/\/www.cnbc.com\/quotes\/.KS11\/\" rel=\"nofollow noopener\" target=\"_blank\">Kospi<\/a> both plunged over 6% in early trade Monday, leading a broader regional sell-off as oil prices breached $100 per barrel for the first time since 2022. <\/p>\n<p>Japan&#8217;s <a href=\"https:\/\/www.cnbc.com\/quotes\/.N225\/\" rel=\"nofollow noopener\" target=\"_blank\">Nikkei 225<\/a> tumbled 6.05%, falling below the 53,000 mark for the first time since Feb. 6, while the Topix was down 5.27%. <\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/quotes\/9984.T-JP\/\" rel=\"nofollow noopener\" target=\"_blank\">Softbank Group Corp<\/a> was among the largest loser on the index, falling nearly 10%, while chip-related stocks such as <a href=\"https:\/\/www.cnbc.com\/quotes\/6857.T-JP\/\" rel=\"nofollow noopener\" target=\"_blank\">Advantest<\/a> and <a href=\"https:\/\/www.cnbc.com\/quotes\/6920.T-JP\/\" rel=\"nofollow noopener\" target=\"_blank\">Lasertec<\/a> was also down over 10% and 9%, respectively.<\/p>\n<p>South Korea&#8217;s Kospi was down 6.5%, triggering a <a href=\"https:\/\/open.krx.co.kr\/contents\/OPN\/05\/05000000\/OPN05000000.jsp#fe3647848b826aa1ddee224c4b5526f4=1&amp;view=2026030902\" target=\"_blank\" rel=\"nofollow noopener\">temporary trading halt<\/a> for the Kospi 200 futures. A circuit breaker was activated last week when the benchmark tumbled more than 12% Wednesday to record its <a href=\"https:\/\/www.cnbc.com\/2026\/03\/04\/asia-markets-hang-seng-index-kospi-nikkei-225.html\" rel=\"nofollow noopener\" target=\"_blank\">worst single-day decline<\/a>.<\/p>\n<p>Heavyweight Samsung Electronics tumbled 8.4%, while chip counterpart SK Hynix saw a larger loss of 9.2%. <\/p>\n<p>Australia&#8217;s\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/.AXJO\/\" rel=\"nofollow noopener\" target=\"_blank\">S&amp;P\/ASX 200<\/a> fell 3.68% in early trade.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/quotes\/@LCO.1\/\" rel=\"nofollow noopener\" target=\"_blank\">Brent futures<\/a> spiked 16.1% to $107.61, while <a href=\"https:\/\/www.cnbc.com\/quotes\/@CL.1\/\" rel=\"nofollow noopener\" target=\"_blank\">U.S. West Texas Intermediate crude futures<\/a> rose nearly 17.7% to $107.02.  <\/p>\n<p>The surge comes after major Middle Eastern oil producers, including Kuwait, Iran and the United Arab Emirates, cut oil production following the <a href=\"https:\/\/www.cnbc.com\/2026\/03\/08\/crude-oil-prices-today-iran-war.html\" rel=\"nofollow noopener\" target=\"_blank\">closure of the Strait of Hormuz.<\/a> <\/p>\n<p>Stock Chart IconStock chart icon<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\" class=\"Collapsible-dismissButton\" alt=\"hide content\"\/><\/p>\n<p>U.S. President Donald Trump, however, posted on Truth Social that a gain in &#8220;short term oil prices&#8221; was a &#8220;very small price to pay&#8221; for destroying Iran&#8217;s nuclear threat.<\/p>\n<p>&#8220;Only fools would think differently!&#8221; Trump added.<\/p>\n<p>Hong Kong <a href=\"https:\/\/www.cnbc.com\/quotes\/.HSI\/\" rel=\"nofollow noopener\" target=\"_blank\">Hang Seng index<\/a> futures were at 25,328, below the index&#8217;s last close of 25,757.29.<\/p>\n<p>U.S. stock futures also tumbled on higher oil prices, with\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/.DJI\/\" rel=\"nofollow noopener\" target=\"_blank\">Dow Jones Industrial Average<\/a>\u00a0futures down over 800 points or 1.75% lower. <\/p>\n<p>S&amp;P 500 futures were down 1.59%, while Nasdaq-100 futures slid 1.6%.<\/p>\n<p>\u2014 CNBC&#8217;s Spencer Kimball contributed to this report. <\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Fire breaks out at the Shahran oil depot after U.S. and Israeli attacks, leaving numerous fuel tankers and&hellip;\n","protected":false},"author":2,"featured_media":329084,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[158356,158432,157457,4911,3199,972,30271,7257,941,114,357,35951,3198,30935,54,151645,31011,144658,30927,3449,30937,85,150425,87,46,1437,7258,92158,64251,30932,190,3197,39310,864,30929,151323,3310,7259,18782,16358,11471,69279,79,1032,151247,150424,30928,2966,30938],"class_list":{"0":"post-329083","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-cl26j","9":"tag-lco26k","10":"tag-lco26q","11":"tag-advantest-corp","12":"tag-asia-economy","13":"tag-australia","14":"tag-bp-plc","15":"tag-breaking-news-asia","16":"tag-breaking-news-markets","17":"tag-business","18":"tag-business-news","19":"tag-chevron-corp","20":"tag-chicago","21":"tag-conocophillips","22":"tag-donald-trump","23":"tag-eog-resources-inc","24":"tag-exxon-mobil-corp","25":"tag-fidelity-nasdaq-composite-index-track","26":"tag-halliburton-co","27":"tag-hang-seng-index","28":"tag-ice-brent-crude-oct25","29":"tag-il","30":"tag-invesco-db-oil-fund","31":"tag-iran","32":"tag-israel","33":"tag-japan","34":"tag-kospi-index","35":"tag-lasertec-corp","36":"tag-lp","37":"tag-marathon-petroleum-corp","38":"tag-markets","39":"tag-nikkei-225-index","40":"tag-occidental-petroleum-equity-warrants-exp-3rd-august-2027","41":"tag-osaka","42":"tag-phillips-66","43":"tag-proshares-ultra-bloomberg-crude-oil","44":"tag-sp-500-index","45":"tag-sp-asx-200","46":"tag-shell-plc","47":"tag-softbank-group-corp","48":"tag-south-korea","49":"tag-totalenergies-se","50":"tag-united-arab-emirates","51":"tag-united-states","52":"tag-united-states-brent-oil-fund","53":"tag-united-states-oil-fund","54":"tag-valero-energy-corp","55":"tag-world-markets","56":"tag-wti-crude-sep25"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/329083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=329083"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/329083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/329084"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=329083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=329083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=329083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}