Overview
- South Korea’s Kospi fell about 8% with a circuit breaker, Japan’s Nikkei 225 dropped roughly 6.5%, and Taiwan’s Taiex lost about 4.9% on Monday’s open.
- CoinGecko data show Bitflyer’s 24‑hour trading volume jumped about 200%, outpacing increases on Coinbase at 112% and Binance at 75%, while Korea’s Upbit rose 27.1% and Bithumb 49.0%.
- TradingView data indicate bitcoin rose roughly 2.05% against the yen during Asia hours versus about 1.86% against the U.S. dollar and 1.64% against the Korean won.
- Tokenized crude futures on Hyperliquid retreated from a wartime high near $118 to about $103 after reports that G7 finance ministers may discuss a coordinated release of strategic oil reserves.
- The selloff followed a surge in oil tied to disruptions linked to the Iran war and the Strait of Hormuz, with South Korea’s heavy reliance on Middle Eastern imports underscoring its market vulnerability.