Japanese and South Korean stocks opened broadly lower in Asian trading on 24 August, with the KOSPI falling below 6,900 points as declines led the South Korean market. Among individual stocks, Samsung Electronics plunged, while SK hynix rose against the broader trend. The Nikkei average was down 0.23% at the open.
Japanese and South Korean stock markets opened lower in tandem in Asian trading on 24 August, against a backdrop of range-bound trading in U.S. technology stocks and cautious market sentiment. The Korea Composite Stock Price Index (KOSPI) fell 1.17% below 6,900 points and was trading at 6,832.23 points.
Among individual stocks, SK hynix rose 3.58% against the broader decline, while Samsung Electronics plunged 4.26%. In Japan, the Nikkei Stock Average opened down 0.23% at 65,862.57 points.
External factors included movements in long-term U.S. Treasury yields and the impact of inflation indicators, and both markets were expected to face limited upside.
Japanese stocks had previously declined while South Korean stocks rose, and the opening in both markets continued that trend.