Japanese and South Korean stock markets closed lower, with the KOSPI index plunging over 6%

Odaily News: According to Gate data, the Nikkei 225 index closed down 1,915.97 points, or 2.79%, at 66,835.54 on Thursday, July 16; shares of Kioxia fell 14%. South Korea's KOSPI index closed down 466.06 points, or 6.4%, at 6,818.35 on Thursday, July 16; the KOSDAQ index fell 4.5%; SK Hynix fell 11%, and Samsung Electronics fell 8%. South Korea stated that it will soon announce measures to address the controversy over leveraged ETFs linked to Samsung Electronics and SK Hynix shares amplifying stock market volatility.