In Brief
- The Kospi entered a technical bear market after dropping 20% from the record high it reached during last month.
- The Nikkei 225 slid again on Friday, trading near its lowest levels in over a month, as heavy selling in chip-related names dragged it lower.
- Japan’s parliament reclassified crypto as financial products as South Korea recognized digital assets as national wealth.
South Korea’s Kospi has entered a technical bear market while Tokyo’s Nikkei sank again on Friday, as an unwinding AI trade exposes structural fragilities across Asia’s biggest developed economies.
Both governments are simultaneously opening legal doors for digital assets, an overlap worth watching closely.
The AI Trade Unravels Across Seoul and Tokyo
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