Nikkei, 13on the 1.92% drop... impact from the KOSPI 8.95% plunge
13On the 225day, the Nikkei 1.92fell by 67,242.73and closed at . On the same day, as the KOSPI plunged by 8.95%, the 7,000line collapsed, and the Tokyo stock market saw sharp swings. Concerns over SK hynix's Nasdaq ADR listing and rising international oil prices affected market trends.
13On the 225day, the Nikkei 1.92fell by 67,242.73and closed at , and the fact that South Korea's KOSPI plunged by 8.95% on the same day and the 7,000line broke down weighed on the Tokyo market.
Right after the market opened, the Nikkei started at 68,410.63and fell in early trading, but shortly after the open, the rise briefly exceeded 400points, turning positive for a time.
During the session, selling spread into semiconductor and AI-related stocks, changing the mood. Kioxia, Tokyo Electron, and Advantest were among the names that weakened.
The JPX Nikkei Index 400fell 272.80points (0.75%) from the previous close and ended the session at 36,299.51.
The TOPIX 28.59points (0.71%) lower at 4,007.49.
When SK Hynix listed ADRs on Nasdaq, it posted a double-digit gain on its first trading day, and as a result, the major New York stock indexes all closed higher. However, there were also comments that a gap between the ADRs and the common shares still remains (a premium).3/
As Iran mentioned the possibility of re-closing the Strait of Hormuz 12day, higher international oil prices also weighed on investor sentiment.
Sources: 뉴시스 경제
Bullstory synthesized this report from the linked sources. AI may have assisted the writing process. Check the original reports for factual confirmation.