Tokyo and Asia-Pacific Close Sharply Lower as Tech Rout Spreads, Nikkei Drops 6.7% and Kospi Slides 18.3%
Executive summary: Asia-Pacific markets ended the session under heavy pressure, led by a steep selloff in Japan and South Korea. The Nikkei 225 fell -6.7% to 64,425.95, while the Kospi plunged -18.3% to 5,556.31. The Nikkei 225 ETF also dropped -6.4%, signaling broad risk aversion across regional equities. Hong Kong and Australia were firmer, but gains there were not enough to offset the regional shock. Commodities were mixed, with natural gas higher and most metals lower, while the yen was little changed against the dollar. [Continue Reading]
Sponsored
