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<Asia>APAC Stock Mkts Recede Across Bands; Kospi Sinks 9%, Triggering Circuit Breaker; TAIEX, Nikkei Ebb 3%+
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With investors keeping an eye on the military actions of the US and Israel against Iran, Asia-Pacific stock markets saw their downtrends deepen today (4th). Among them, the South Korean market even reported the largest two-day drop since 2009. Regarding the Hong Kong market, the HSI ended the midday down 717 points or 2.8% at 25,051, with a turnover of HKD207.6 billion. The Taiwan Capitalization Weighted Stock Index (TAIEX) also decreased by 1,250 points or 3.6% to 33,073, with TSMC and Delta Electronics declining by 3.4% and 6.3%. Japan's Nikkei continued its slide from the past two days. It plunged by 2,160 points or 3.8% after the midday to 54,118. Mitsubishi UFJ Financial and Mizuho plummeted by 5% and 6%. South Korea's Kospi once tumbled by 12.6% intraday to a bottom of 5,059, triggering a circuit breaker for 20 minutes. It has entered a technical bear market, given the cumulative drop of 20.3% from its historical peak of 6,347. It was last at 5,240, down 550 points or 9.5%. AAStocks Financial News |
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