Japanese and South Korean Stock Markets Experience Sharp Decline, with the KOSPI Index Dropping by 9.99% as the Storage Sector Takes a Major Hit

BlockBeats News, June 23rd, according to Bitget market data, a tech stock sell-off has severely impacted the market, with the Japanese and South Korean stock markets accelerating their decline in the afternoon. The Nikkei 225 index closed down 2565.58 points, a 3.55% decrease, at 69788.38 points. The South Korean KOSPI index closed down 910.49 points, a 9.99% decrease, at 8204.06 points.

In the storage sector, South Korean stocks SK Hynix and Samsung Electronics both fell by over 12%, while the Japanese stock Kioxia fell by over 14.8%.