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<Asia>APAC Bourses Rebound; SK Mkt Up 4.6% Outshining; TW Shippers Slip against Mkt
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Asia-Pacific stock markets rallied this morning (10th), after oil prices plummeted, as US President Donald Trump said that the Iran war will end very soon. China's imports and exports in USD terms for 2M26 were wall above expectations, with the central parity of USD/ RMB reaching a new high since April 2023. The Shanghai Composite Index rose 16 points or 0.4% to 4,112 at midday, and the Shenzhen Component Index surged 220 points or 1.6% to 14,288. The Hong Kong HSI soared 396 points or 1.6% to 25,804 at midday close, with a turnover of HKD172 billion. The Taiwan Stock Exchange Weighted Index spiked 655 points or 2% to 32,765. TSMC and MediaTek leaped 2.5% and 2.4%, respectively, while Delta Electronics jumped up 5.7%, and Hon Hai fell 0.2%. Shippers Wan Hai, Evergreen, and Yang Ming slid against the trend by 3.1-3.3%. Japan's Nikkei 225 Stock Average picked up in the afternoon by 1,141 points or 2.2% to 53,869. Semiconductor-related stocks Advantest and Disco soared by 4.4% and 4.3%, while Renesas Electronics shot up by 5.5%, and Lasertec proliferated 13.7%. South Korea's KOSPI swelled 241 points or 4.6% to 5,493. Samsung Electronics and SK Hynix skyrocketed by 7.6% and 10.7%, respectively, while investment company SK Square leapfrogged 7.1%. KOSPI 200 Index experienced a "circuit breaker" after hitting the day's upside limit during the morning session. AASTOCKS Financial News Website: www.aastocks.com |
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