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Asian shares swoon and Kospi sinks 12%, as the war with Iran widens and oil surges higher

BANGKOK (AP) — Asian shares tumbled Wednesday, with South Korea's benchmark plunging more than 12%, while oil prices climbed even higher as the war with Iran widened. Worries over Iran have hammered most world markets, spooking investors who fear more spikes for oil prices may grind down the global economy and sap corporate profits. “I think the Iran situation is getting out of hand, and I think that U. S. President Donald Trump miscalculated enormously," said Francis Lun, CEO of Asia is 9...

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