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SEOUL / TOKYO – South Korea’s Kospi rose 3.83% to 5,211.00 in Tuesday morning trading, while Japan’s Nikkei 225 held above 60,000, following Monday’s gains in U.S. technology and semiconductor shares.
The Korea Exchange’s live ticker, checked at about 10:19 a.m. Seoul time Tuesday, November 10, showed the Kospi up 192.15 points and the Kosdaq up 3.80% to 663.24. Those are intraday readings, not closing prices. Tuesday morning in Seoul and Tokyo was Monday evening in New York.
In Japan, the Nikkei index provider’s page showed the Nikkei 225 at 60,246.46, up 1,470.96 points, or 2.50%, at 10:08 a.m. Tokyo time. The benchmark opened at 59,372.28 and reached an early high of 60,619.45.
The Asian session followed a strong Monday on Wall Street. The Nasdaq Composite closed at 25,253.14, up 2.74%, while the Philadelphia Semiconductor Index rose 6.85% to 10,033.93, according to Nasdaq’s data.
The rebound follows last week’s sharp selling in Asian technology markets. On Friday, the Kospi fell more than 8% and broke below 5,000, triggering a 20-minute trading halt before trading resumed. It later recovered above 5,000 but still closed down 6.02% at 5,059.69.
Tuesday’s gains mark a recovery in the underlying indexes for investors whose international or technology funds hold shares in these markets.
JBizNews Desk | Markets & Finance
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