Japanese and South Korean stock markets opened sharply lower on Tuesday, with Seoul's benchmark index plunging more than 8 percent and triggering a circuit breaker for the eighth time this year, as semiconductor stocks led the sell-off amid global industry jitters.
Japan's Nikkei 225 index briefly extended losses to 4 percent in morning trading, while South Korea's KOSPI dropped by over 8 percent intraday, triggering a level 1 circuit breaker.
The circuit breaker is issued in stages when the KOSPI or KOSDAQ dives by 8 percent, 15 percent and 20 percent. The first two stages halt trading for 20 minutes, followed by a 10-minute single price auction, while the final stage instantly shuts down the market for the day.
Analysts attributed the declines to ongoing volatility in the global semiconductor sector, which weighed heavily on major chipmakers including South Korea's Samsung Electronics and SK Hynix. The weakness in tech stocks dragged down broader indices, with foreign investors continuing to offload local shares.
Japanese, South Korean stocks tumble as tech sell-off triggers circuit breaker in Seoul
Slovak citizens have spoken highly of China's remarkable development accomplishments and voiced expectations for closer bilateral cooperation as their president is paying a state visit to China.
At the invitation of Chinese President Xi Jinping, President of the Slovak Republic Peter Pellegrini is on a state visit to China from Monday to Wednesday.
In a recent vox pop by China Global Television Network (CGTN), local people in Bratislava, Slovakia's capital, shared their impressions of China, outlooks on bilateral relations, and hopes for the presidential visit. Interviewees across different professions praised China's progress, with many highlighting its remarkable advances in infrastructure, technological innovation and economic growth.
Daniele, an IT developer, was particularly drawn to China's rich cultural heritage.
"It has a very nice culture, so that's why in the future I think I will visit this country," he said.
For others, China's forward-looking vision is a major source of inspiration. Veronika, a sales clerk, expressed her fascination with the country's technological strides.
"I have a very positive view of China. I'm fascinated by its technology and enjoy learning about it. I think there's a lot we can learn from China, and I really admire how forward-looking it is," she said.
Robin, another sales clerk, sees valuable lessons for Slovakia in China's economic model.
"It's a big country with a long history, and I think concerning the economy, it's something we can learn about to make our own economy more versatile," he said.
Jan Kubo, an administrative manager, was impressed by the sheer scale of China's development.
"China impressed me with the sheer scale of infrastructure development and economic growth," he said.
Looking ahead to how bilateral ties may evolve after the state visit, most interviewees expressed optimism about mutually beneficial collaboration.
"I think China could really contribute a lot to Slovakia's development. As I mentioned earlier, this is particularly the case with technology – whether it's cars, machinery, heavy equipment, or everyday items like phones, tablets and computers. There's definitely a lot we can learn from China, and I believe that's going to help us move forward," said Veronika.
"It's very important that these countries work together because they can learn from each other," said Robin.
When it comes to overall expectations for the presidential visit, local residents looked forward to tangible outcomes and closer bonds between the two countries.
"I certainly expect the visit to bring tangible benefits to our country. I hope the two sides will reach agreements that benefit the Slovak Republic," said Veronika.
"He is representing our European values, this is very important. But also strengthen the ties between the two countries," said Robin.
Slovaks praise China's development, eye deeper cooperation as president visits China
