Stocks Drop, Oil Up on Fears of Widening Iran War: Markets Wrap

(Bloomberg) -- Stocks extended a selloff and oil rose as Iran-backed Houthi forces entering the Middle-East conflict and an expanded US military presence raised concerns about a prolonged confrontation. Government bonds advanced.A slide in technology stocks dragged down South Korea’s benchmark index by 3%, while Japanese firms trading ex-dividend saw the Nikkei 225 decline 3.3%. A gauge of Asian shares fell 1.9% to slide to its lowest level this year on concern higher crude prices will weigh on