Japan's Stock Market Plunges 4% as Asia Energy Crisis Deepens

Japan's Stock Market Plunges 4% as Asia Energy Crisis Deepens

Japan’s stock market shed more than 4% Monday morning as surging oil prices and a deepening energy crisis tied to the five-week-old US-Iran war hammered Asian markets from Tokyo to Seoul. The Nikkei 225 fell 4.33% to 51,061.90 as of mid-morning trade in Tokyo, shedding 2,311 points from Friday’s close of 53,373.07. The broader Topix dropped 3.9%. South Korea’s KOSPI declined roughly 4% to 5,240, while Hong Kong’s Hang Seng fell 1.52% and Taiwan’…