#AsiaStocksPlunge Asian stocks are taking a hit today, with markets in Japan, South Korea, and Hong Kong experiencing significant losses. The primary cause of this downturn is the escalating conflict between the US and Iran, which is driving up oil prices and fueling concerns about inflation. Investors are worried that the prolonged conflict could hurt economic growth in the region. As a result, indices like Nikkei and Kospi are seeing substantial drops, with some falling over 4%.