Asia Markets Retreat on May 28 as Iran Strikes Send Oil Surging; KOSDAQ Dips 2.5%, SK Hynix Hits $1 Trillion
Asian stocks closed broadly lower on May 28 as overnight US strikes near the Strait of Hormuz sent Brent crude up 2.5%. KOSPI -0.53%, KOSDAQ -2.54%, Nikkei -0.47%, Hang Seng -1.27%. SK Hynix bucked the selloff, rising 2% to officially join the $1 trillion market cap club.