Japanese and Korean stock markets have taken a heavy hit, with $363 billion in market value evaporated, but on the AI hardware side, some capital has started bottom-fishing, suggesting the short-term selling pressure may be nearing its end.

Coin World News, July 8 – The Japanese and Korean stock markets lost a combined total of approximately $363 billion on Monday, driven by a sell-off in technology stocks. Japan's Nikkei 225 fell 2.11% to close at 66,819.05 points, while South Korea's KOSPI index plunged 5.35% to 7,246.79 points, its lowest level since May 20. The sell-off was primarily driven by a heavy slump in chip stocks, weakening tech sentiment, and rising geopolitical risks. Samsung Electronics shares fell 6.25%, and SK Hynix dropped 5.68%. Despite the sharp decline, some investors showed buying interest in beaten-down AI hardware stocks during trading, suggesting that the short-term selling wave may be losing momentum.