CNBC reported a drop in Asian stock indexes after rising oil prices

Against the background of a sharp rise in the price of Brent crude oil, the main stock indexes in Asia collapsed. This was announced on March 9 by CNBC.

"The South Korean Kospi on Monday triggered the second mechanism for limiting price fluctuations in four trading sessions, which led to a larger regional sell—off, as oil prices approached the $120 per barrel mark for the first time since 2022," the publication says.

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