Japanese and South Korean Stock Markets Fall, KOSPI Index Plunges 6.4%, Semiconductor Sector Hit Hard

BlockBeats News, July 16, according to Bitget market data, the Nikkei 225 Index closed down 1915.97 points, a 2.79% decrease, at 66835.54 points, with Japanese stock storage company Kamen Rider plunging 14%.

The South Korean KOSPI Index closed down 466.06 points, a 6.4% decrease, at 6818.35 points, with SK Hynix dropping 11% and Samsung Electronics falling 8%. South Korea has stated that it will soon announce measures to address the controversy surrounding leveraged ETFs linked to Samsung Electronics and SK Hynix stocks that have exacerbated stock market volatility.