"Asian Stocks" Dow futures drop over 1,000 points, multiple markets in the Asia-Pacific region face stock market crash, Japanese and South Korean stock markets each fall 7%, Taiwan stocks drop 5%

The conflict between the U.S. and Iran has led to the blockade of the Strait of Hormuz, causing international oil prices to surge above $110 per barrel. U.S. stock index futures are currently down 1,047 points or 2.2%, with S&P 500 futures and Nasdaq futures down 2% and 2.3%, respectively. Stock markets in many Asia-Pacific regions have significantly declined this morning (9th). The Hong Kong stock market is down 655 points or over 2.5%, reporting at 25,101 points. The mainland A-shares in Shanghai and Shenzhen have dropped 1.1% and 2.1% at midday.

The Nikkei average in Japan has fallen by 3,880 points or 7%, reporting at 51,740 points. SoftBank, Advantest, Discus, Raytech, and Kioxia (285A.JP) have each dropped between 11% and 14%.

The South Korean KOSPI has decreased by 395 points or 7.1%, reporting at 5,188 points, triggering a circuit breaker at one point. Samsung Electronics, SK Hynix, Hyundai Motor, SK Square, and Kia Motors have each fallen between 8.4% and 9.6%.

The Hong Kong-listed SK Hynix 2x ETF (07709.HK) opened nearly 15% lower and initially dropped 40.3%, reaching a low of 17 HKD. It is currently at 22.38 HKD, down 21.36%, with a trading volume of 100 million shares, involving 2.258 billion HKD. The Samsung 2x ETF (07747.HK) is currently at 59.02 HKD, down 18.59%, with a trading volume of 766 million HKD.

The Taiwan Weighted Index has dropped 1,714 points or 5.1%, reporting at 31,884 points. TSMC is down 4.8%, Hon Hai and MediaTek are down 5.8% and 7.1%, and Delta Electronics is down 9.5%.

The Australian S&P/ASX 200 Index has decreased by 317 points or 3.6%, reporting at 8,533 points. Commonwealth Bank of Australia, National Australia Bank, Westpac, and ANZ Group have dropped between 3.3% and 4.1%. Mining stocks BHP and Rio Tinto are down 6.4% and 4.7%. The New Zealand Stock Exchange 50 Index has fallen by 422 points or 3.1%, reporting at 13,096 points.

The Singapore Straits Times Index has decreased by 124 points or 2.6%, reporting at 4,723 points. Singapore Airlines is down 4.5%, and the three major banks, DBS, UOB, and OCBC, are down between 2.2% and 2.5%, with the Singapore Exchange down 2.7%.

In other Southeast Asian stock markets, Thailand and Indonesia have dropped 4.9% and 3.8%, while Malaysia has decreased by 2.6%. The Hanoi Index in Vietnam has plummeted by 7%, and the Ho Chi Minh Index has dropped by 6.2%