Nikkei 225 falls more than 1% on October 8 after closing 1.05% higher on October 6
In short
Japan's Nikkei 225 index was down 1.01% at 69,331.28 points on October 8, CLS reported, and Yicai also reported a fall of more than 1%. South Korea's KOSPI was down 0.56% at 6,765.78 points. On October 6 the Nikkei 225 had closed up 1.05% at 70,683.98 points while the KOSPI closed down 0.89%.
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Japan's Nikkei 225 index was down 1.01% at 69,331.28 points on October 8, CLS reported at 08:40 local time. In the same report, CLS said South Korea's KOSPI was down 0.56% at 6,765.78 points. Yicai reported five minutes later that the Nikkei 225 had fallen more than 1%. Neither outlet said whether the figures were intraday or closing levels, or what caused the decline. [ 3 , 4 ]
Two days earlier, on October 6, the Nikkei 225 closed up 1.05% at 70,683.98 points, according to both CLS and Jiemian. The KOSPI closed down 0.89% that day; CLS gave its closing level as 6,941.38 points, while Jiemian gave 6,941.39 points. [ 1 , 2 ]
Why it matters
The figures were carried by Chinese business outlets tracking Asia-Pacific markets, which reported the Nikkei 225 below 70,000 points on October 8 after a close above that level on October 6. The documents give no cause for the moves.
Key facts
- The Nikkei 225 was down 1.01% at 69,331.28 points on October 8, according to CLS. [ 3 ]
- Yicai reported that the Nikkei 225 fell more than 1% on October 8. [ 4 ]
- South Korea's KOSPI was down 0.56% at 6,765.78 points on October 8, according to CLS. [ 3 ]
- The Nikkei 225 closed up 1.05% at 70,683.98 points on October 6. [ 1 , 2 ]
- The KOSPI closed down 0.89% on October 6, at 6,941.38 points according to CLS and 6,941.39 points according to Jiemian. [ 1 , 2 ]
Confirmed by several sources
Still unclear
- The exact KOSPI closing level on October 6. CLS reported 6,941.38 points and Jiemian reported 6,941.39 points.
- Whether the October 8 figures are intraday or closing levels. CLS and Yicai reported them at 08:40 and 08:45 local time without saying whether trading had ended.
- The cause of the October 8 decline. None of the documents gives a reason for the moves.
What local media are saying
Timeline, local time
- October 6: CLS reports the Nikkei 225 closed up 1.05% at 70,683.98 points and the KOSPI closed down 0.89% at 6,941.38 points. [ 1 ]
- October 6: Jiemian reports the same Asia-Pacific closing figures, giving the KOSPI at 6,941.39 points. [ 2 ]
- October 8: CLS reports the Nikkei 225 down 1.01% at 69,331.28 points and the KOSPI down 0.56% at 6,765.78 points. [ 3 ]
- October 8: Yicai reports the Nikkei 225 down more than 1%. [ 4 ]