#KOSPIJumps3.3% #日韩股集体大跌 I spent my weekend going through the Asia selloff numbers, and my honest take is that this was more than a normal dip. It was a positioning event, and the memory names sat at the center of it.
The scoreboard first. On October 15, the Nikkei 225 closed down 3,318.34 points, or 4.90%, at 64,425.95, and the KOSPI closed down 7.56% at 5,554.27. The KOSPI fell more than 9% intraday and triggered its tenth circuit breaker of the year. The Nikkei drop was the third biggest point fall ever, and the index is now more than 10% below its June record of 72,831.73. Taiwan lost 3.4