So the South Korea market just had its worst day ever on Tuesday - KOSPI absolutely tanked 452 points, down 7.24 percent to close at 5,791.91. That's a brutal session. We're looking at a soft starter for Wednesday's open, probably more red to come.

The whole thing is basically the Middle East conflict spilling over into markets. Oil's been spiking hard - WTI crude jumped to $74.58 a barrel - and that's creating this weird dynamic where energy stocks are rallying while everything else gets crushed. Samsung Electronics down nearly 10 percent, LG Electronics and SK Hynix both dropped over 12 percent each. The tech sector got hammered. Chemical stocks too - LG Chem surrendered 13.53 percent.

The one bright spot? Oil plays. S-Oil skyrocketed 28.45 percent. SK Innovation actually gained 2.51 percent. But that's about it. You had 840 decliners versus only 73 gainers, so the breadth was terrible.

Wall Street didn't help - Dow, NASDAQ, S&P 500 all closed in the red Tuesday. The fear is real about what this conflict could mean for inflation and oil supply. Iran's closed the Strait of Hormuz, attacks on refineries, the whole supply chain is getting stressed. Trump's talking four to five weeks minimum, maybe longer.

Soft starter likely for Asia markets following that lead. South Korea's expected to release industrial production and retail sales data this morning, but honestly with this kind of momentum, data might not matter much. The sentiment's just too negative right now.