Asian stocks fall as concern over Middle East spurs offering

INSUBCONTINENT EXCLUSIVE:
players reacted to reports of Israel striking Iran with missiles.Nikkei stock average closed at 37,068.35 yen, down 2.66% from the previous
day
Samsung Electronics dropped 2.5%, while SK Hynix plunged 4.9%.The Hong Kong-based Hang Seng Index closed 0.99% lower at 16,244.14, while CSI
300, which tracks the largest names listed in Shenzhen and Shanghai, China, dropped 0.70% for the day to 3,541.66 on Friday.The downtrend
began overnight with high-tech stocks in the United States Selling escalated in Tokyo as investors heeded a United States media report
that Israeli missiles had hit a site in Iran.ABC News reported that Israel had attacked Iran, citing a senior United States official
CBS News said its sources did not disclose the location or extent of the Israeli strikes.Reuters later reported that an Iranian official
said there was no missile attack against Iran
Following earlier reports by Iranian media about explosions heard in Isfahan, the official told Reuters that the noise was a result of the
reactions to early reports of the explosions.Nikkei Stock Average fell below the 37,000 mark during trading hours for the first time in two
and a half months as value-laden semiconductor-related stocks were sold, marking the largest single-day fall this year
Major chip-related stocks such as Tokyo Electron, Screen Holdings and Lasertec all fell temporarily by more than 7%.The stock market
sell-off is led by speculative players, according to Yutaka Miura, a senior technical analyst at Mizuho Securities
stocks led by energy distributors and power components suppliers.In the oil market, West Texas Intermediate s,-rdqu{
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