Japan and Korea lose $360B in one day

Japan and Korea stocks erased more than $360B in market value today.
Japan’s Nikkei closed down 2.11%, while Topix fell 1.4%.
South Korea’s Kospi dropped 5.35%, wiping out an estimated $243B in market value.
Together, the two markets lost roughly $363B in a single session.
This is not just local volatility.
Japan and Korea sit at the center of the global semiconductor, memory, industrial, and export cycle.
When both sell off together, it becomes a broader risk-asset signal.