Japanese and Korean stocks plunged, with the Korean stock index falling nearly 11%.

Bybit market data shows that the Nikkei 225 index closed down 2566.27 points, or 3.95%, at 62364.92 on Tuesday, July 28. The South Korean KOSPI index closed down 732.12 points, or 10.84%, at 6023.63 on Tuesday, July 28. During the session, it once fell by more than 11% to below 6000 points, with a cumulative decline of nearly 30% this month. SK Hynix fell by more than 14%, and Samsung Electronics fell by more than 13%.