
Japan’s Nikkei gained on July 14 while South Korea’s KOSPI recovered from a more than 5% intraday drop, a day after an almost 9% slide triggered volatility controls and intensified margin-related selling concerns.
Asian equities were mixed on July 14, with Japan’s Nikkei 225 rising 500.77 points, or 0.74%, to 67,743.50 and South Korea’s KOSPI closing up 49.9 points, or 0.73%, at 6,856.83 after falling more than 5% intraday. The rebound followed the KOSPI’s nearly 9% plunge on July 13, when the Korea Exchange activated Sidecar and a Level 1 Circuit Breaker and major chipmakers sold off sharply. On July 14, SK Hynix rose 3.6% and Samsung Electronics gained 3.3%, while the KOSDAQ still fell 1.92% after dropping more than 5% and triggering a program trading halt. Separate Korea Financial Investment Association data showed forced liquidations tied to leveraged stock buying reached KRW 425.8 billion from the start of July through July 10, including KRW 142.2 billion on July 9 and KRW 81.6 billion sold at below-market prices on July 10, underscoring ongoing concern that leverage could continue to amplify volatility.