SINGAPORE - A selloff in stocks deepened on Tuesday (March 3) and the dollar strengthened as investors considered the implications of US and Israeli strikes on Iran on energy prices and the global economy.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.5 per cent to extend losses for a second day, led by a drop of as much as 4.1 per cent in Korean shares. Tokyo's Nikkei 225 slumped 2.3 per cent and S&P 500 e-mini futures were down 0.6 per cent.