The Nikkei 225 followed through below 9400 Monday, closing at 9100. Target for the breakout is 8600*.
* Target calculation: 9400 – ( 10200 – 9400 ) = 8600
The South Korean market is one of the few to show some resilience, with the KOSPI falling more than 7 percent to 1806 before recovering about half of its losses to close at 1876.