๐ Analysis: East Asian stock markets are plunging!
It's been a volatile morning as the two major exchanges in Japan and South Korea are both "in the red" right from the opening bell, creating heavy psychological pressure for investors worldwide.
๐ Here are the specific numbers:
๐ South Korea (KOSPI): Down 372.6 points (-4.31%), currently at 8266.81 points. Among them, the tech giants Samsung and Hynix have dropped 5% and 7% respectively.
๐ Japan (Nikkei 225): Down 486.82 points (-0.72%), now at 66983.87 points.
๐ก Analysis perspective:
The significant drop of Samsung and Hynix is a worrying signal about the instability of the global chip supply chain. Typically, when the traditional markets shake, cautious sentiment spreads, often causing capital to flee from risk assets, including the Crypto market.
What do you all think? Will Crypto get dragged down by this correction?
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