Asian Stock Markets Plunge Amid US-Israeli Attack on Iran

MUMBAI: Stock markets across Asia plunged on Monday under the impact of the US-Israeli attack on Iran. From India to Pakistan, the war fever gripped. Bombay Stock Exchange's Sensex closed 1,048 points lower at 80,239. Similarly, the National Stock Exchange's Nifty closed 313 points lower at 24,866. Rising geopolitical tensions and war-like situation are threatening to unsettle bargains in the country. At the same time, profits of corporate houses could be affected. Investors are selling shares in sectors likely to be affected by the war. Some investors are selling shares and investing those funds in safe-haven assets like gold and silver. That is why Indian stock markets were volatile today. Not only India, but Pakistan's stock market also witnessed sharp volatility today. Pakistan's Karachi Stock Exchange-30 index fell 9.73 points (about 5,000 points) to 46,326. Japan's Nikkei Nikkei closed 26,457 points down.