Tokyo Stock Exchange, January 2, 2019 file photo. Photo: Lombroso / CC BY-SA 4.0; cropped
South Korea’s Kosdaq led early Asian gains Wednesday, rising 3.40% to 690.32, while the benchmark Kospi edged up 0.69% to 5,275.17 in a Korea Exchange ticker read at 10:00 a.m. Seoul time on November 11. In Tokyo, the Nikkei 225 rose 0.70% to 60,883.38 at 10:00 a.m., according to the index’s provider.
The early gains followed a pullback on Wall Street. On Tuesday the Nasdaq Composite fell 0.74% to 25,065.88 and the Philadelphia Semiconductor Index slipped 0.35% to 9,998.33, Nasdaq data show.
The session follows Tuesday’s Asian rebound.
For investors holding regional index funds, the gap matters: funds tracking South Korean growth stocks and funds tracking Japan’s largest listed companies can move at different speeds.
JBizNews Desk | Markets & Finance
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