Asian stock markets plunge as South Korea's Kospi leads regional losses
Asian stock markets plummeted across the region, with South Korea's Kospi dropping nearly 10 percent and Japanese and Chinese shares experiencing steep losses.
Major Asian stock indexes experienced significant declines during trading, driven by steep sell-offs across the region. South Korea's benchmark Kospi index suffered the heaviest losses, tumbling nearly 10 percent by midday. Semiconductor giant SK Hynix saw its shares fall more than 12 percent in Seoul trading.
In Japan, key market indicators also retreated sharply, with the Nikkei 225 dropping 4.4 percent and the broader Topix index falling 2.8 percent. Chinese equities followed the downward trend, with main indexes in Shanghai and Shenzhen slipping 1.4 percent and 3.7 percent, respectively, while Hong Kong shares also posted losses.
Sources: Sweden Herald