According to CoinMeta, the Nikkei 225 index fell more than 2% on Monday due to the appreciation of the Japanese yen putting pressure on export-oriented companies. Meanwhile, the KOSPI index declined by over 4% due to the falling stock prices of Samsung and SK Hynix. The strong performance of the yen was a result of confirmed joint intervention by the United States and Japan, leading to concerns among exporters about declining profitability. At the same time, despite the two companies reporting strong financial results last week, there are still doubts in the market regarding the valuation of AI and the sustainability of their large-scale expenditures. KOSPI experienced a 22% drop in July, marking its worst performance since the 2008 financial crisis, indicating that market sentiment remains fragile.