Global markets plunged on Monday following a sharp Wall Street selloff triggered by fears of Federal Reserve interest rate hikes and AI industry volatility.Geopolitical tensions surged as Iran and Israel exchanged military strikes, causing oil prices to climb significantly due to fears over potential supply chain disruptions.Asian exchanges saw steep losses, with the South Korean
KOSPI suffering a near 9 percent drop and the Japanese
Nikkei 225 declining after domestic economic growth estimates were revised downward.