Asia Intelligence Brief — March 23, 2026

2026-03-23 - 17:50

What Matters Today 1 Asia Markets Crash on Trump’s 48-Hour Hormuz Ultimatum — Kospi -6.5%, Nikkei -3.5%, Then Partial Reprieve Asian markets suffered their sharpest single-day sell-off since the war began on Monday as Trump’s weekend ultimatum to “obliterate” Iran’s power plants if Hormuz was not reopened within 48 hours triggered panic across the region.