Japanese and Korean stock markets closed lower, Korean stocks confirmed to have entered a technical bear market

TechFlow news, July 08, according to Bitget market data, the Nikkei 225 Index closed down 1,437.91 points, a drop of 2.11%, at 66,819.05 points.

The Korea KOSPI Index closed down 409.53 points, a drop of 5.35%, at 7,246.78 points, marking the lowest close since May 20. The index triggered the "circuit breaker" mechanism during trading at one point, and has currently fallen more than 20% from its June high, confirming entry into a technical bear market.