Asian Stocks Slip on Renewed US-Iran Tensions; KOSPI Leads Decline

Asian stock markets opened lower on Monday as heightened geopolitical tensions between the US and Iran weighed on investor sentiment. Reports of US airstrikes and Iran's closure of a key strait escalated fears of a broader conflict.

South Korea's KOSPI index led the regional decline, falling sharply in early trading. Other major Asian bourses also traded in negative territory, with investors moving toward safe-haven assets.

The situation remains fluid, with markets closely monitoring further developments. The escalation marks a significant shift in Middle East dynamics, adding uncertainty to an already cautious global outlook.