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Japan and South Korea Stocks Slump on Profit-Taking; ‘Memory Rising Star’ Kioxia Bucks the Trend.

Japan and South Korea Stocks Slump on Profit-Taking; ‘Memory Rising Star’ Kioxia Bucks the Trend.

TradingKey – During the Asian trading session on June 23, Japanese and South Korean stock markets opened lower. The Nikkei 225 opened 0.33% lower, shedding over 200 points to trade at 72,112.43; the KOSPI plunged 1.6% at the open, falling below the 90,000-point mark to 8,968.43. Yesterday, the Nikkei 225 surged 1.55% to hit a record high, while the KOSPI index fluctuated at high levels.

kospi-0bad1071fde342ec8b0b5ea7664a8f58KOSPI Index Chart, Source: TradingView

In terms of individual stocks, Samsung Electronics opened down over 1%, temporarily trading at 349,500 KRW; SK Hynix fell 0.31% to 2.91 million KRW, down 1.3%; Kioxia opened up 1.79% to 110,600 JPY.kiaxia-ba45034529b545eeb0559555703788a9 Kioxia Price Chart, Source: TradingView

Today’s opening decline in Japanese and South Korean stock markets was not…

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