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South Korea's finance minister stepped up his warning on Monday after the won extended its decline against the dollar to its lowest in a year and a half, saying the government was ready to take action against any renewed volatility in the currency market. "We will act swiftly according to our contingency plan and will do whatever is necessary to deal with any excessive volatility in the foreign exchange and other financial markets," Choi Sang-mok said at an urgently convened policy meeting to discuss escalating tensions in the Middle East. He also said the government would extend the fuel excise tax cut for two months until the end of June in an effort to curb inflation amid escalating global geopolitical risks.

(Bloomberg) -- Asian stocks are set to fall Monday as traders grapple with mounting tensions in the Middle East after Iran launched an unprecedented attack on Israel over the weekend. Bloomberg's top readsIsrael vs. Iran - What a War of All Faces Would Look LikeDe Keresa Warns of Possible Power Emergency Next WeekIran's Missile Strike Is a Mistake Israel Can Benefit FromIsrael's Response to a Multi-Front War with IranNew Stages of the Multi-Front War with IranA $150 Billion Fortune Strengthens Qatari Royalty at Crucial MomentFuture Stock Markets

(Bloomberg) - As the dollar's recent rise gave officials...

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(Bloomberg) -- Financial markets will be jittery over geopolitics in the new week, depending largely on whether Iran's unprecedented weekend strike on Israel will trigger a round of retaliation. Bloomberg's top reads Israel vs. Iran - What an Open War Between the Two Would Look Like DR. BIDEN WARNS OF POSSIBLE ELECTRICAL EMERGENCY NEXT WEEK BIDEN RETURNS TO THE WHITE HOUSE, ISRAEL PREPARES FOR IRANIAN REVOLUTION Israel and its allies mostly prevented Iran from making its unprecedented attack A $150 billion fortune has buoyed the Qatari royal family in the midst of a crisis.