Asian stocks today: Nikkei, Kospi fall amid selloff in tech stocks, escalating US-Iran war

Asian markets opened in negative territory on July 8 with Japan's Nikkei 225 down 0.55%, Kospi losing 0.72%, and Australia's ASX 200 dropping 1.36% amid a broad tech selloff and escalating US-Iran tensions. Brent crude rose 0.4% to about $72.25 per barrel after reports that a tanker was hit in the strategically important Strait of Hormuz. US equity futures also traded lower, with Nasdaq 100 futures down 0.4%, suggesting Wall Street's recent rebound may be short-lived.