Asian Markets Tumble: Kospi Falls 4%, Nikkei 225 Down 4.45%

The striking detail is the intraday reversal in Seoul: an early gain of more than 3% turning into a 4% decline points to a violent shift in positioning rather than a single piece of bad news. The synchronized weakness across Japan and Nasdaq futures suggests a broad risk-off move, with the unresolved US midterm count adding political uncertainty to the mix. For crypto and RWA markets, the question worth watching is whether this equity stress spills into digital-asset liquidity, or stays confined to traditional risk assets.