South Korea’s KOSPI closed down 201.89 points, or 3.52%, at 5,533.77 on Thursday, its lowest close since April and 39.3% below its June record close. SK Hynix fell 5.48% and Samsung Electronics 4.02%, and institutions were net sellers of 464.1 billion won. The KOSDAQ dropped 3.62% to 764.1. The Bank of Korea held its benchmark rate at 3.00% on the same day.

Japan’s Nikkei 225 fell 2.65% to 62,907.84, closing below 63,000 for the first time since September 14.