Asian stock markets showed robust performance mid-morning, with notable indices like the Nikkei 225, KOSPI, Hang Seng, and Taiwan Weighted recording significant gains. Here’s a breakdown of their movements as of 10:17 AM today:
Nikkei 225
The Nikkei 225 surged further, gaining 850.26 points (+2.20%) and reaching 39,485.88. The market remains strong after opening at 39,195.93, maintaining its upward momentum since early trading. Investors remain optimistic amid ongoing economic recovery and easing inflationary concerns.
KOSPI
South Korea’s KOSPI index also witnessed positive movement, rising by 39.04 points (+1.52%) to stand at 2,608.75. The index opened at 2,561.93 and has continued its bullish trend. Tech and semiconductor stocks led the rally, boosting overall market sentiment.
Hang Seng
The Hang Seng index climbed by 260.39 points (+1.13%) to reach 22,997.26, showing resilience in the face of global economic concerns. With a strong start at 22,736.87, the index is seeing steady gains, driven by upbeat earnings reports from major Chinese firms and investor confidence in recovery measures.
Taiwan Weighted
The Taiwan Weighted index posted impressive gains of 292.36 points (+1.31%) to hit 22,595.07. The index opened at 22,719.07 and has seen steady progress, fueled by strong performance in electronics and technology sectors, which are key drivers of Taiwan’s economy.
Overall, these key Asian markets have experienced steady growth since morning trade, bolstered by positive global cues and sectoral performances in technology and finance. Investors remain hopeful about sustained economic recovery in the region, keeping the momentum intact.
