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Japan and South Korea stock indices close down about 6%

NewsFeeds update

Japan's Nikkei 225 closed 5.96% lower at 57,434.77 points and South Korea's KOSPI fell 6.02% to 5,059.65, its lowest since April, with SK Hynix down more than 10%.

MacroOdailyAIBearish

Read the original on Odaily

The story so far: KOSPI decline led by chipmakers

An AI-led selloff after Democratic US midterm wins hit Asian chip stocks and pushed the KOSPI down over 5%. South Korea's finance minister called an emergency market meeting and exempted broker margin guarantees for three months; the waiver of the 140% margin loan collateral rule now runs three months from 9 November.

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  1. Japan and South Korea stock indices close down about 6%

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