Japan and South Korea Stocks Plunge as Kospi Drops Over 6% to Trigger Circuit Breaker; Kioxia Falls Over 10%, SK Hynix O…
• On August 19, Japanese and South Korean stock markets plunged following a three-day decline in major U.S. indices, including a 1.33% drop in the Nasdaq. • South Korea's KOSPI fell over 6%, triggering a circuit breaker, while specific stocks like Kioxia dropped over 10% and SK Hynix also saw significant declines. • The sell-off was driven by a cooling risk appetite for global tech stocks, with the S&P 500 sliding 0.69% and the Dow Jones falling 0.22%.
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