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macroJul 24, 2026, 5:33 AM

Asian Stocks Decline on Tariffs, US-Iran Tension; KOSPI Down Over 4.5%

Asian stock markets fell across the board on Friday as US President Trump's new tariffs and escalating US-Iran conflict dampened risk appetite. Japan's Nikkei dropped nearly 3%, while South Korea's KOSPI underperformed with a decline of over 4.5%.

N225KOSPI

Asian equity markets declined broadly on Friday, pressured by renewed trade tensions and geopolitical risks. US President Donald Trump's latest tariff measures, combined with escalating conflict between the US and Iran, weighed on investor sentiment.

Japan's Nikkei 225 fell nearly 3%, while South Korea's KOSPI dropped more than 4.5%, underperforming the broader regional decline. Other Asian indices also moved lower, reflecting the risk-off mood across the region.

Source: FXStreet Forex News