MSCI Asia Pacific index falls to one-month low, dragged down by SK Hynix and Samsung.

The MSCI Asia Pacific Index fell 1.6% at one point, hitting a one-month low, as tensions between the US and Iran raised oil prices and reignited concerns about inflation. SK Hynix fell 13% in the Seoul market, affected by profit-taking. Samsung Electronics fell 8%; Japan's KDX fell 11.3%. South Korea's Kospi index fell 7.3% at one point, hitting a new intraday low since May 4th.