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Japan, South Korea Stocks Open Down Across the Board; Kospi Falls Nearly 3%, Nikkei 225 Drops Over 1%, Samsung Down Over 5%, Kioxia Falls Over 7%

Japan, South Korea Stocks Open Down Across the Board; Kospi Falls Nearly 3%, Nikkei 225 Drops Over 1%, Samsung Down Over 5%, Kioxia Falls Over 7%

TradingKey – On October 23, Japanese and South Korean stock markets collectively moved lower in morning trade, with South Korean equities posting relatively pronounced losses. Japan’s Nikkei 225 Index opened at 62,667.05 points and subsequently continued to slide, dropping 1.68% to around 61,830 points; South Korea’s Composite Stock Price Index (KOSPI) opened at 5,403.17 points, down about 2.36%, before its decline widened to 3.27% at 5,352.61 points. Stock markets in both countries extended their pullbacks from the previous trading session.

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Source: TradingView

South Korean semiconductor leaders came under pressure in morning trade, with Samsung Electronics falling over 5% to 205,500 won (about $155.1); SK Hynix dropped over 3% to 207,500…

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