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Asian Markets Mixed in Morning Session: Korean KOSPI Rebounds from 8% Plunge, China, Hong Kong Fall

2026-06-08 04:31:28

Asian stock markets showed mixed movements this morning. South Korea's KOSPI index narrowed its decline to 4% after plunging over 8% and triggering a circuit breaker earlier, recovering following remarks from President Lee Jae-myung supporting the market and comments from Nvidia CEO Jensen Huang. In China, the Shenzhen Component Index and ChiNext Index both fell over 2%, with more than 4,500 individual stocks declining. Hong Kong's Hang Seng Index dropped 1.2% and the Hang Seng Tech Index fell 2.4%, with MINIMAX down over 8% and Baidu down over 7%. In emerging markets, Indonesia faced a equity-debt-currency selloff, with the benchmark stock index down over 4%, the rupiah hitting record lows, and 10-year government bond yields surging 30 basis points.

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