Business & Markets
Tokyo stocks plunge 5.3%, Seoul's Kospi tumbles 8%
Tokyo stocks plunged 5.3% and Seoul's Kospi tumbled 8.0% in afternoon trade on Thursday as technology shares led a rout across Japanese and South Korean markets.
The Nikkei 225 in Tokyo fell to 64,163.57, while Seoul's Kospi dropped to 5,527.12.
The sell-off came as forecast-topping US inflation data fuelled expectations for more Federal Reserve interest rate hikes. Chipmakers were among the biggest losers, with Japan's Kioxia down more than 10% and South Korea's SK hynix shedding more than 11%.
Update
Forecast-topping US inflation data was cited as fuelling expectations for more Federal Reserve interest rate hikes.
The Nikkei 225 was down 5.3% at 64,163.57 in afternoon trade.
Seoul's Kospi was down 8.0% at 5,527.12.
Chipmakers led the losses, with Kioxia down more than 10% and SK hynix down more than 11%.
Source note: AFP news report published on 15 October 2026 at 04:03:04 UTC.
Uncertainty notes
The figures were from afternoon trade and were not final closing levels.
Source
AFP news report published on .