South Korea’s KOSPI Falls 4% as Asian Stocks Come Under Pressure

South Korea’s KOSPI fell 4% Tuesday as losses spread across Asian equities, while a 3% decline in Taiwan showed that the sharpest pressure extended beyond one market. The KOSPI stood at 5,624.02 points after its loss widened to 4%. Taiwan’s weighted stock index fell 3% to 43,570.41 points, and Indonesia’s benchmark index was down as much as 2% intraday. Japan’s Nikkei 225 was down 0.33%, while the Shanghai Composite fell 0.71%. South Korea and Taiwan had the largest declines among the five reported markets, with Indonesia next and Japan and mainland China posting smaller losses.

Source: TokenPost