Japan, South Korea Stocks Fall After Higher Open; Kospi Closes Down 0.44% for Sixth Day of Losses, SK Hynix Drops Over 1%
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On October 14, Japanese and South Korean equities retreated after early gains, closing lower as regional markets faced sustained downward pressure. Japan’s Nikkei 225 dipped 0.05%, while South Korea’s KOSPI declined 0.44% to fall below the 6,000 threshold, marking its sixth consecutive session of losses. Mixed performances among tech heavyweights—including SK Hynix, Samsung Electronics, and Kioxia—reflect ongoing weakness in the memory chip sector, mirroring overnight declines in U.S. markets. South Korean equities remain under short-term pressure, with broader market recovery heavily dependent on the stabilization of major semiconductor stocks moving forward.
TradingKey - On October 14, Japanese and South Korean stock markets strengthened early in the session, but gains gradually receded, and both ultimately closed lower. Japan's Nikkei 225 Index closed down 0.05% at 67,744.24 points; South Korea's KOSPI Index closed down 0.44% at 6,008.82 points, having risen about 2.6% intraday before turning lower and falling below the 6,000-point mark again, recording its sixth consecutive trading day of decline.
Source: TradingView
South Korean semiconductor leaders delivered mixed performances, with Samsung Electronics flat at 232,000 won (about $174), while SK Hynix fell 1.66% to 1.419 million won.
Among Japanese tech stocks, Kioxia fell 3.23% to 14,690 yen (about $93), while SoftBank Group rose 0.77% to 5,351 yen.
Memory chip stocks were one of the main weak sectors in overnight U.S. trading, with Micron Technology (MU) and SK Hynix both falling more than 3%, a trend that has further heightened market focus on the memory chip industry.
The KOSPI has fallen for six consecutive trading days, indicating that the South Korean market remains under significant short-term pressure. As major heavyweights in the index, whether Samsung Electronics and SK Hynix can stabilize moving forward will continue to affect the overall performance of the South Korean stock market.
This content was translated using AI and reviewed for clarity. It is for informational purposes only.
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