Japanese and South Korean stock markets close lower; March's monthly decline hits the largest since October 2008.

Golden Finance reports that on March 31, the Nikkei 225 index closed down 822.13 points, a decline of 1.58%, at 51,063.72 points. The index plunged 13.2% in March, marking its largest monthly drop since October 2008. The Korea KOSPI index closed down 224.7 points, a decline of 4.26%, at 5,052.6 points. The index also closed down 19.1% in March, which likewise marked its largest monthly drop since October 2008.

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