On May 18, South Korea's KOSPI index extended its losses, falling 3.39% to close at 7,239 points. The previous day, all three major U.S. stock indices closed down more than 1%, with the Nasdaq dropping 1.54%, the S&P 500 falling 1.24%, and the Dow Jones declining 1.07%. Chip stocks performed poorly, with Nvidia plunging over 4%, marking its biggest drop since April 30.
