Asian stocks plunged on Friday after Israel conducted pre-emptive strikes on Iran; targeting several nuclear and military assets. Israel also declared a state of emergency following this. China's Shanghai Composite Index fell 0.8 percent to 3,377 as Israel-Iran tensions intensified and China- US trade optimism faded. The index had hit a one-month high yesterday. Hong Kong's Hang Seng Index also fell 0.6 percent to 23,892.56.

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