Japanese stocks have fallen into a bear market, while South Korean stocks closed 6% lower after emergency market rescue measures.
27 minutes ago
According to Bitget market data, the Nikkei 225 index closed down 3,666.99 points on Friday (November 6), a 6.00% drop, to 57,410.91 points. The index has fallen more than 20% from its June closing peak, confirming it has entered a technical bear market. South Korea’s KOSPI index closed down 324.15 points, a 6.02% decline, to 5,059.65 points. The index fell more than 8% in early trading, breaking below the 5,000-point mark and triggering a circuit breaker for the 11th time this year. The South Korean government subsequently held an emergency meeting to review market conditions, after which the decline in Korean stocks narrowed. South Korea’s KOSDAQ index closed down 5%; SK Hynix fell more than 10%, and Samsung Electronics dropped 6.35%.
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