Asian stocks crashed again! South Korean stocks plunged more than 3%, and the Nikkei plunged nearly 1,500 points

Asian stocks crashed again! South Korean stocks plunged more than 3%, and the Nikkei plunged nearly 1,500 points. (European News Agency)

[Financial Channel/Comprehensive Report] Selling pressure on U.S. technology stocks exploded. The Fed Semi Index fell 3.83% last Friday. Asian stocks went wild on Monday. Korean stocks opened lower and fell 3.16%, breaking through 5,500 points. The Nikkei also opened lower by 1,493 points, breaking through 64,000 points.

U.S. stocks closed lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under pressure again, while soaring oil prices also panicked the market before the weekend, with the panic index (VIX) exceeding 22 for the first time in four months. The Dow Jones Industrial Average fell 175.28 points or 0.34%, the S&P 500 Index fell 1.09%, the Nasdaq Index fell 2.14%, and the Philadelphia Semiconductor Index fell another 3.83%, marking the eighth consecutive trading day of declines and setting a record for the longest losing streak since 2008. TSMC’s ADR dropped by $9.64, 2.28%, to close at $412.61.

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Asian stocks also fell on Monday. South Korean stocks, led by Samsung Electronics and SK Hynix, plunged 179.65 points and 3.16% at the opening, opening at 5488.41 points. When the index broke 5500 points, low-end buying entered the market, and the decline converged. As of 8:29 Taipei time, it was reported at 5553.74 points, down 114.32 points or 2.02%.

Not only did the Korean stock market plummet, but the Nikkei also opened lower, opening down 505 points or 0.77%, opening at 64,819 points. The index opened lower, further falling below 64,000, back-testing 63,831 points, down 1,493 points, or 2.28%. After a sharp sell-off, buying orders entered the market at a low level. As of 31:00 Taipei time, it was at 63,982 points, down 1,342 points, or 1.86%.

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