Oil prices rallied by more than 9% after US-Iran geopolitical escalation, Saudi-Yemen strikes, while Trump announced to reinstate the blockade and that the US would hit Iran very hard tonight and tomorrow.

Seoul led losses in most Asian stocks, dragged down by market heavyweight SK hynix's 10 per cent plunge.

Seoul led losses in most Asian stocks, dragged down by market heavyweight SK hynix's plunge of more than 15 per cent.