Summary of the Asian market opening session this morning, March 23, 2026
Asian markets fell sharply across the board from the start of the session due to escalating tensions in the Middle East (US-Israel-Iran) conflict, pushing oil prices higher and raising concerns about high inflation and disruptions to the energy supply chain.
KOSPI (South Korea): -4.97% (sharpest decline)
Nikkei 225 (Japan): -4.02%
Hang Seng (Hong Kong): -2.58%
Shanghai Composite (China): -1.72%
ASX 200 (Australia): -0.91%
VNIndex -2.39%.
Sell off sentiment was widespread, especially in technology, export, and oil dependent energy stocks. Liquidity increased due to investor concerns about geopolitical risks.
Short term forecast: Downward pressure may continue if the conflict does not de escalate, but technical buying may emerge at strong support levels. Closely monitor oil prices and Middle East news throughout the day.