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                <title>Global Markets Tank Amid Israel-Iran Conflict: Asian Indices Bleed, Crude Oil Prices Spike 13% in 2 Days</title>
                                    <description><![CDATA[<p style="text-align:justify;">Asian stock markets are trading mixed today, March 3, amid the US-Israel-Iran war. Indian stock markets are closed today for Holi.</p>
<p style="text-align:justify;">South Korea's Kospi is trading 7% lower at 5,800.<br />Japan's Nikkei index is trading 3% lower at 56,300.<br />China's Shanghai Composite is trading 1.50% lower at 4,100.<br />Hong Kong's Hang Seng is trading 1% lower at 25,750.<br />Pakistan's KSE 30 index is up 1.50% at 47,000.<br />Crude oil surges 13% in two days</p>
<p style="text-align:justify;">Brent crude oil prices have surged more than 3% today, crossing $80 per barrel. Yesterday, it rose 10%. This means it has risen more than 13%</p>...]]></description>
                
                                    <content:encoded><![CDATA[<a href="https://www.punjabnewstimes.com/world/global-markets-tank-amid-israel-iran-conflict-asian-indices-bleed-crude/article-8685"><img src="https://www.punjabnewstimes.com/media/400/2026-03/image-(5).png" alt=""></a><br /><p style="text-align:justify;">Asian stock markets are trading mixed today, March 3, amid the US-Israel-Iran war. Indian stock markets are closed today for Holi.</p>
<p style="text-align:justify;">South Korea's Kospi is trading 7% lower at 5,800.<br />Japan's Nikkei index is trading 3% lower at 56,300.<br />China's Shanghai Composite is trading 1.50% lower at 4,100.<br />Hong Kong's Hang Seng is trading 1% lower at 25,750.<br />Pakistan's KSE 30 index is up 1.50% at 47,000.<br />Crude oil surges 13% in two days</p>
<p style="text-align:justify;">Brent crude oil prices have surged more than 3% today, crossing $80 per barrel. Yesterday, it rose 10%. This means it has risen more than 13% in two days.</p>
<p style="text-align:justify;">Experts believe that if this tension escalates further, oil prices could reach $120 per barrel. This could impact petrol and diesel prices in India.</p>
<p style="text-align:justify;">In Delhi, petrol prices could rise from ₹95 per liter to ₹100. Diesel prices could rise from ₹88 to ₹92. Similar price increases are possible in other cities.</p>
<p style="text-align:justify;">Mixed trading in the US market on March 2nd</p>
<p style="text-align:justify;">The Nasdaq Composite, a tech-based index, rose 0.36% to close at 22,74.<br />The Dow Jones Industrial Average fell 73 points (0.15%) to close at 48,904.<br />The S&amp;P 500 index rose 2 points (0.04%) to close at 6,881.<br />The Sensex closed down 1048 points yesterday.</p>
<p style="text-align:justify;">The Indian stock market fell yesterday, March 2nd, due to the US-Israel and Iran wars. The Sensex fell 1,048 points (1.29%) to close at 80,239. The Nifty also fell 313 points (1.24%) to 24,866.</p>
<p style="text-align:justify;"><img src="https://www.punjabnewstimes.com/media/2026-03/image-(5).png" alt="image (5)" width="1200" height="800"></img></p>
<p style="text-align:justify;">Foreign investors sold shares worth ₹3,295 crore on March 2.</p>
<p style="text-align:justify;">Foreign investors (FIIs) sold shares worth ₹3,295 crore on March 2. Domestic institutional investors (DIIs) bought shares worth ₹8,593 crore.<br />In February, FIIs bought shares worth ₹11,002 crore. During this period, DIIs bought shares worth ₹17,324 crore.<br />In January 2026, FIIs sold shares worth ₹41,435 crore. During this period, DIIs bought shares worth ₹69,220 crore.<br />Pakistan's stock market plunged 9.8%</p>
<p style="text-align:justify;">Pakistan's stock market experienced a significant decline on March 2. The KSE-30 index fell 4,996 points (9.73%) to close at 46,326. Heavy selling earlier forced a 45-minute trading halt, a lower circuit.</p>]]></content:encoded>
                
                                                            <category>Tech</category>
                                            <category>World</category>
                                    

                <link>https://www.punjabnewstimes.com/world/global-markets-tank-amid-israel-iran-conflict-asian-indices-bleed-crude/article-8685</link>
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                <pubDate>Tue, 03 Mar 2026 13:46:03 +0530</pubDate>
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