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Global Markets Plunge as Oil Prices Surge and Tensions Rise

3/2/2026

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Summary

Story summary

The Hang Seng Index in Hong Kong fell 2.14% to 26,059.85 points, its largest decline in nearly a year.
The Nikkei index in Tokyo fell 1.35% to 58,057.24 points, its biggest drop in five weeks.
Investors shifted to safer assets as oil prices surged up to 14% and gold rose 1.3%.
Geopolitical tensions have heightened risks, impacting global markets and investor sentiment.

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Story summary

The Hang Seng Index in Hong Kong fell 2.14% to 26,059.85 points, its largest decline in nearly a year.
The Nikkei index in Tokyo fell 1.35% to 58,057.24 points, its biggest drop in five weeks.
Investors shifted to safer assets as oil prices surged up to 14% and gold rose 1.3%.
Geopolitical tensions have heightened risks, impacting global markets and investor sentiment.