KOSDAQ chip stocks drop over 8%

South Korea's Kospi index declined by 8.2% to 5,531.56 points, with continued drops in electronics chip company stocks, particularly SK Hynix, which reported quarterly earnings below expectations despite an increase compared to the previous quarter. The market decline in Korea led to a downturn in other Asian markets, while indices like Hang Seng and S&P/ASX remained stable. Japanese stocks experienced mixed performance after a strong earthquake in Kyushu. This coincided with a significant drop in oil prices, with Brent crude falling to $87.6, reflecting turbulence in the global financial and commercial sectors.