As of midday, the Shanghai Composite index SSEC experienced a decline of 0.53 percent, with the CSI300 Index CSI300 also registering a loss of 0.74 percent, according to Reuters.
The news outlet reported that the Hang Seng Index HSI in Hong Kong dropped 1.1 percent, with technology shares in HSTECH plummeting 2.2 percent.
This trend is consistent with the recent downturn in stock markets in Japan and South Korea, and comes as oil prices have surged by more than $5 a barrel following President Donald Trump’s commitment to intensify pressure on Iran over the next two to three weeks.
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