South Korea (KOSPI & KOSDAQ): The South Korean stock market experienced its worst decline since 1980. On March 4th, the KOSPI index plummeted over 12%, and the KOSDAQ dropped 14%. The Korea Exchange activated emergency first and second level circuit breakers, temporarily halting all trading.

• Thailand (SET): Similarly, due to extreme fears of soaring oil prices (Thailand is highly dependent on energy imports), the SET index fell by 8%, triggering circuit breaker protections.
• Japan (Nikkei 225): Although not fully circuit-broken all day, the Nikkei index sharply declined from a near 60,000-point historic high within just a few days, with a single-day drop exceeding 4%, edging towards a crash.