Commodities
Asian Stocks Plummet as Oil Prices Rise and Middle East Tensions Escalate
Asian stocks retreated from record highs on Friday as rising oil prices and escalating tensions in the Middle East sparked concerns over global energy supplies.
The MSCI Asia-Pacific Index fell by 1.2 percent, reflecting investor caution across regional markets.
In Japan, the Nikkei index pulled back from its all-time high, slipping 0.3 percent to close at 62,636.00 points after surging 5.6 percent on Thursday.
The broader Topix index declined by 0.66 percent to 3,815.09 points.