Asian Markets Close Lower, KOSPI Tumbles Over 4.5% as Tech Stocks Are Sold Off

Price Action

โดย Money & Banking·

Summary · why it matters

Asian stock markets mostly closed lower today, with South Korea's KOSPI index plunging 4.58 percent to end at 6,296.38 points, pressured by heavy selling in major technology stocks such as Samsung Electronics, which fell 6.30 percent, and SK Hynix, which dropped more than 10 percent. Japan's Nikkei index declined 0.93 percent to close at 65,683.26 points, led by losses in Tokyo Electron and Advantest. Hong Kong's Hang Seng Index fell 1.49 percent to close at 25,530.28 points, while China's Shanghai Composite Index bucked the regional trend, closing up 0.57 percent at 3,900.35 points. Investors continue to monitor corporate earnings and the interest rate policy direction of the US Federal Reserve.