South Korean Stocks Surge Amid Divergent Asian Market Open; Chipmakers Lead Gains

Deep News09-08 09:00

Japanese and South Korean equity markets opened mixed on September 8, with the KOSPI index climbing 0.72% to 7045.79 points at the bell, while the Nikkei 225 slipped 0.84% to 65843.69 points.

South Korean shares then accelerated sharply higher, extending gains to 1.24% as of the latest update, while Japanese stocks pared their earlier losses, trimming the decline to just 0.16%.

Leading the charge in Seoul, SK hynix surged over 3%, with Samsung Electronics Co., Ltd. adding nearly 1% in early trading.

On the economic data front, Japan's second-quarter GDP came in line with expectations, growing 0.4% quarter-on-quarter, matching the forecast. Nominal GDP for the same period also rose 1.3% quarter-on-quarter, consistent with projections.

Disclaimer: This article and its data are for reference only and do not constitute investment advice. Investors who act on this information do so at their own risk.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Nominal GDP for the same period also rose 1.3% quarter-on-quarter, consistent with projections.<br><br>Disclaimer: This article and its data are for reference only and do not constitute investment advice. 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