Global markets plunge for a second week as US-Israel war with Iran rattles investors

Asian stocks got slammed again, with South Korea’s Kospi plunging more than 8% and triggering another circuit breaker, while Brent and WTI both rallied to about $116 a barrel, their biggest one-day gain since 1988.

Gold, silver, platinum, and palladium all fell, while the US dollar climbed, showing investors are scrambling for cash even as broader markets crack.