Oil prices jumped and stocks fell again Tuesday after fresh US strikes against Iran

World oil prices surged Monday as a fresh flare-up between the United States and Iran rattled investors, while a selloff in chipmakers sent South Korea's stock market plunging.

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

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