Market news for July 13, 2026: Asian shares fell today as the escalating conflict in the Middle East led to higher oil prices and reignited global inflation concerns. South Korea's Kospi index plunged 9 per cent, dragged down by chipmaker SK Hynix, which slumped more than 15 per cent.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

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Oil surges as US-Iran strikes escalate, SK Hynix plunges after Nasdaq debut

BT Market Focus

Oil surges as US-Iran strikes escalate, SK Hynix plunges after Nasdaq debut