Japanese stocks fall into bear market, South Korean equities close down 6% after emergency "market rescue"
the Nikkei 225 index closed down 3,666.99 points on November 6 (Friday), a decline of 6.00%, at 57,410.91 points; the index fell more than 20% from its June closing peak, officially entering a technical bear market. South Korea's KOSPI index closed down 324.15 points, a drop of 6.02%, at 5,059.65 points; it fell over 8% in early trading, breaking below the 5,000-point mark, triggering the circuit breaker for the 11th time this year.
The South Korean government subsequently convened an emergency meeting to assess market conditions, narrowing the decline in Korean stocks. The KOSDAQ index fell 5%; SK Hynix dropped over 10%, and Samsung Electronics fell 6.35%. (Jinshi)