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Japan and South Korea Stocks Open Lower; Kospi Falls Over 2%, SK Hynix Drops More Than 4%, SoftBank Down Over 3%

Japan and South Korea Stocks Open Lower; Kospi Falls Over 2%, SK Hynix Drops More Than 4%, SoftBank Down Over 3%

TradingKey – On October 20, Japanese and South Korean stock markets both moved lower in morning trade, with South Korean equities extending losses. The South Korea Composite Stock Price Index (KOSPI) opened 0.60% lower at 5,733.57 points, before widening its decline to 2.20% at 5,641.21 points; Japan’s Nikkei 225 Index (N225) opened 0.25% lower at 64,755.49 points, before dropping 0.77% to 64,415.21 points.

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Source: TradingView

South Korean semiconductor leaders performed weakly, with Samsung Electronics falling 1.83% to 214,000 won (about $161); SK Hynix dropped 4.23% to 1.223 million won. In the Japanese market, Kioxia declined 1.07% to 13,455 yen (about $85); SoftBank Group fell 3.08% to 4,696 yen.

Overnight, US tech stocks rebounded,…

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