Asian equities plunged across the board as escalating Middle East tensions triggered a flight to safety. Oil prices jumped sharply, sending energy stocks higher while weighing on consumer and manufacturing sectors. The selloff spread to government bonds, with yields rising as investors reassessed risk exposure in the region.

Market volatility intensified as traders reacted to the geopolitical flare-up, with major Asian indices posting steep losses. The surge in oil prices added pressure on import-dependent economies, particularly in Japan, South Korea, and India. Technology and automotive shares bore the brunt of the selling, reflecting concerns about supply chain disruptions and higher input costs.

The broad-based market decline underscores how quickly regional tensions can ripple through global financial markets. With oil prices climbing, inflation concerns are resurfacing, potentially complicating central bank policies across Asia. The simultaneous weakness in government bonds suggests investors are repositioning portfolios rather than seeking traditional safe havens.