Asian stocks fall, South Korean chip shares plunge over 8%, yen intervention in focus

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Tokyo and Asian stock markets fell this morning, with South Korean chipmaker shares plunging more than 8%, even as oil prices declined after Trump revealed the start of US-Iran talks. The Nikkei 225 dropped 1,121.51 points, or 1.74%, to 63,240.51, after tumbling over 791 points at the open on heavy selling of large-cap tech stocks. Meanwhile, South Korea's KOSPI index slumped 4.27%, with Samsung Electronics and SK Hynix both diving over 8%, dragging down Japanese semiconductor names such as Renesas Electronics and Kioxia Holdings. Markets are also watching for joint yen intervention by Japan and the US, after the first such move in 15 years on Friday, which pushed the yen to strengthen further to 155.23 per dollar today.

Impact on assets 5

Semiconductors▼
SK Hynix Inc
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▼ NegativeDemandrelevance

SK Hynix shares dive over 8% amid heavy selling of tech stocks.

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