Nikkei, Kospi and Topix: Chip stock sell-off hits Japan and South Korea
Japan's Nikkei temporarily loses almost seven percent, South Korea's Kospi more than eight percent. US President Donald Trump blames the Democrats for the slump.
Shares in chipmakers continued to plummet on Friday in Japan and South Korea, following a sell-off on Wall Street. Japan's Nikkei-225 index briefly fell by 6.7 percent, while South Korea's Kospi index, dominated by Samsung Electronics and SK Hynix, slumped by over 8 percent before recovering some losses. The declines followed a sharp drop on Wall Street on Thursday, where the Dow Jones fell by 3.4 percent and the Nasdaq by 5.5 percent.
US President Donald Trump attributed the decline to the Democrats' victory in the midterm elections.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
