EL7.AI
StocksHigh Impact•6 November 2026•
1 min read

Asia Stocks Crash: Nikkei Enters Bear Market as Kospi Plummets 8.5%

Key Facts

1South Korea's Kospi index recorded sharp losses of 8.5% amid a broad sell-off in Asian markets.
2Japan's Nikkei index officially entered bear market territory, pressured by negative performance on Wall Street.

South Korea's Kospi index recorded sharp losses of 8.5% amid a broad sell-off in Asian markets. Investing.com reported that Japan's Nikkei index officially entered bear market territory, pressured by negative performance on Wall Street and a decline in US stock futures.

The collapse is driven by contagion from a sharp decline in US markets and a recent plunge in Alphabet shares, triggering global risk-off sentiment. This volatility follows previous monetary policy actions by the Bank of Japan, which held interest rates at 1.25% on October 30, 2026, a day that also saw Japanese housing starts fall by 2.7%.

The Bank of Japan is scheduled to release its Summary of Opinions and annual Household Spending data on November 9, 2026. Japan's Current Account figures are also due on the same date, which may provide further context regarding the economic outlook amid the market turmoil.

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