Asian stock markets crashed in succession today: the Nikkei closed down 6%, falling more than 20% from its June peak and officially entering a technical bear market.
South Korea’s KOSPI closed down 6%, after briefly plunging more than 8% and dropping below 5,000 points. It triggered its 11th circuit breaker of the year, prompting the government to hold an emergency meeting to stabilize the market.
SK Hynix fell more than 10%, and Samsung dropped 6%. U.S. stocks crashed just last night, and Asia followed today. Bitcoin also fell to around $75,700.
South Korea’s KOSPI closed down 6%, after briefly plunging more than 8% and dropping below 5,000 points. It triggered its 11th circuit breaker of the year, prompting the government to hold an emergency meeting to stabilize the market.
SK Hynix fell more than 10%, and Samsung dropped 6%. U.S. stocks crashed just last night, and Asia followed today. Bitcoin also fell to around $75,700.
