Asia Plunge: KOSPI Crashes 6.37% on Surprise BOK Rate Hike, Nikkei Drops 2.79% while Hang Seng Rallies on Alibaba
Asian stock markets fell sharply on July 16, 2026. South Koreas KOSPI plunged 6.37% after surprise central bank rate hike, while Nikkei fell 2.79%.