South Korea joins Asian nations in tech downturn as Iran crisis fuels travel disruptions and higher energy prices

South Korea has entered a group of Asian economies experiencing a technology sector slump. The downturn follows similar declines in India, Australia, Japan, the Philippines, New Zealand and Sri Lanka. Analysts link the crash to the ongoing Iran crisis. The conflict has caused widespread travel disruptions across the region. Energy prices have surged as a result of heightened geopolitical tensions. Higher costs are pressuring both consumers and tech firms. Governments are monitoring the situation for broader economic impact. Observers will watch for policy responses to stabilize the tech market.