None
EN
Asian Markets Lose $950B in a Day: AI Fears Hit KOSPI, Nikkei and TAIEX
['Emir Abyazov', 'Editor-In-Chief At Coinpaper', 'Scaling Data-Driven Editorial Ops', 'Seo-Led Discovery', 'Audience-First Storytelling Across Crypto', 'Ai', 'Min Read', 'July']
Coinpaper
Asia’s three largest stock markets lost more than $950 billion in combined market value in a single session, according to figures cited by analyst Crypto Rover.
Asian Markets Lose More Than $950 BillionCrypto Rover more than $950 billion was erased from the South Korean, Taiwanese and Japanese markets in one day.
South Korea’s KOSPI fell 10.8%, wiping out an estimated $520 billion to $550 billion in market value.
South Korea’s fall was even more severe, with the KOSPI losing about 41% over 37 calendar days.
Margin Calls Deepen South Korea’s Stock Market CrashAnalyst Hedgie the Korea Exchange was forced to halt trading for a second consecutive session after extreme losses triggered market safeguards.