TradingKey – On October 21, Japanese and South Korean stock markets rebounded in tandem. Korea’s Composite Stock Price Index (KOSPI) closed up 3.29% at 5,735.67 points, while Japan’s Nikkei 225 Index closed up 0.85% at 64,621.24 points.

Source: TradingView

Previously, the South Korean stock market suffered a heavy sell-off. On October 20, the KOSPI fell 3.73% to close at 5,552.75 points, hitting its lowest closing level since April 7, after dropping as much as 4.76% intraday and breaking below the 5,500-point mark.

South Korean semiconductor leaders rebounded sharply, with Samsung Electronics surging 5.67% to 223,500 won (about $169) and SK Hynix gaining 5.81% to 1.294 million won. In the Japanese market, Kioxia rose 2.82% to 13,510 yen…