Asian stocks rebound after early drop
Asian and Pacific markets declined sharply at the start of trading, with the South Korean Kospi index dropping 4.1% to reach 7,684.87 points. The Japanese Nikkei fell by 0.6% to 63,799.81 points, following a wave of sell-offs in electronic chip stocks and rising tensions between Washington and Iran, which raised concerns about inflation. The selling activity caused major indices to fall, with technology company shares such as SoftBank, Foughigura, and Advantest experiencing losses.
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