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Today’s Asia-Pacific market can be described as "full of wind and clouds." The Japanese Nikkei 225 index opened with no mercy—dropping 844.72 points directly, a decline of 1.63%, and finally closed at 51,117.26 points. This recent drop is considered quite sharp.
Meanwhile, Japan’s neighboring Korea KOSPI index performed relatively resilient, closing with a minor decline of 0.93 points, a drop of only 0.02%, with a closing price of 4,550.13 points, which is basically normal fluctuation within a narrow range.
Interestingly, Japan’s stock market decline is not an isolated event. Many seasoned traders are already analyzing whether this correction is related to the upcoming US stock data to be released tonight—recently, the linkage between global markets has been quite tight, and capital flows tend to move in sync. The Asia-Pacific market’s early correction often serves as a preemptive response to changes in European and American markets.
Whether the market will continue to bottom out or rebound next depends mainly on subsequent capital flows and the performance of US stocks.