South Korea led the decline in Asian markets on Tuesday, with a weaker won and plunging equities magnifying jitters across the region after U.S.-Israeli war on Iran sent oil prices soaring and revived inflation fears for importers of the commodity.
The won fell 1.9% to a more than three-week low of 1,467.80, and the KOSPI sank 7.2% to mark the worst session in nearly four months, reflecting the strain on South Korea's oil-import dependent economy.
