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South Korea and Japan’s stock markets fell, with the KOSPI index dropping 6.4% sharply, and the storage sector suffering a severe selloff

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Mars Finance news: On July 16, according to market data, Japan’s Nikkei 225 index closed down 1,915.97 points, a decline of 2.79%, to 66,835.54. Shares of Nikkei-listed memory stock Kioxia plunged 14%. The Korea KOSPI index closed down 466.06 points, a decline of 6.4%, to 6,818.35, with SK Hynix down 11% and Samsung Electronics down 8%. South Korea said it will soon announce measures to address the controversy over leveraged ETFs tied to Samsung Electronics and SK Hynix, which have intensified stock market volatility.
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