RECAP: Most Asian stock markets fell sharply yesterday, with equity benchmarks in Japan and Taiwan falling as much as 6%, as a global rout in technology stocks accelerated. The resumption of US-Iran hostilities and higher oil prices also dented sentiment.

Major stock markets mostly retreated Thursday as semiconductor shares extended falls, while oil prices wobbled as the United States and Iran exchanged fresh strikes.

Most Asian stocks sank on Thursday as tech firms came under renewed pressure from worries over the AI boom, with Seoul again taking the brunt of the selling, while oil prices rose…