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Japan, South Korea Stocks Weaken in Early Trading; Kospi Drops Over 1%, Nikkei 225 Falls Over 1.7%, SoftBank Drops Over 4%

Japan, South Korea Stocks Weaken in Early Trading; Kospi Drops Over 1%, Nikkei 225 Falls Over 1.7%, SoftBank Drops Over 4%

TradingKey – On October 19, Japanese and South Korean stock markets came under pressure again in early trading. The South Korean market recovered somewhat after opening lower, while losses in Japanese stocks widened further. The Korea Composite Stock Price Index (KOSPI) opened down 3.17% at 5,488.41 points before narrowing its decline to 1.16% at 5,602.12 points; Japan’s Nikkei 225 Index opened 0.77% lower at 64,819.56 points and subsequently fell 1.73% to 64,194.90 points.

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Source: TradingView

South Korean semiconductor leaders continued to slide in early trading, with Samsung Electronics falling 0.93% to 213,500 won (about $160) and SK Hynix dropping 1.18% to 1.257 million won. In the Japanese market, Kioxia fell 2.58% to 13,030 yen…

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