Equity markets in Asia nose-dive with South Korea’s Kospi posts its worst session in history. Conflict in the Middle East intensifies fears of inflation causing investors to dump tech and semiconductor stocks. The U.S. and Israel continue to strike Iran with notable damage to IRGC headquarters and the Islamic Revolutionary Court in Tehran. President Trump has raised questions over who would succeed the Islamic regime. Trump has also offered to provide risk insurance for vessels using the Persian Gulf and said the U.S. Navy would help escort them out of the Strait of Hormuz in a bid to ease climbing global oil and gas prices.  

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