Asian stock markets have been falling sharply in recent days, and the selloff is being driven mainly by geopolitical tensions and rising oil prices. Here’s a clear breakdown of what’s happening,
Heavy dependence on imported oil and gas
Currencies weakening against the dollar
Export-driven economies vulnerable to global slowdown
Asian stocks are plunging because:
War → oil prices ↑
Oil ↑ → inflation ↑
Inflation + uncertainty → investors panic → stocks ↓