Major Surge: South Korea's KOSPI Soars Over 3% to Reclaim 7000 Points, Samsung and SK Hynix Jump; Japan's Nikkei Gains Over 400 Points

Deep News08:30

Equity markets in Japan and South Korea experienced a strong upward move on July 23rd.

By the latest trading data, South Korea's benchmark KOSPI index had surged more than 3%, climbing back above the 7,000-point level.

Major constituent Samsung Electronics Co Ltd advanced more than 4%, while SK Hynix Inc saw gains exceeding 4.5%.

In Japan, the Nikkei 225 index was up 0.74%, an increase of over 400 points.

This rally followed a session where the three major U.S. stock indices closed slightly lower overnight.

The Nasdaq Composite fell 0.57%, the S&P 500 declined 0.14%, and the Dow Jones Industrial Average edged down 0.01%.

Among notable movers, Super Micro Computer Inc surged nearly 20% after significantly raising its gross margin guidance for the fourth fiscal quarter, with new orders for the period exceeding $600 billion.

Dell Technologies Inc rose more than 9%, marking its largest single-day gain since June 2nd.

SpaceX shares dropped over 6%, hitting a new low since its public listing.

Most mega-cap technology stocks declined, with Meta Platforms Inc down more than 2%.

Tesla Inc, Alphabet Inc (Google), Amazon.com Inc, and Microsoft Corp all fell over 1%.

Netflix Inc and Apple Inc posted modest declines, while NVIDIA Corp gained more than 2%.

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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markets in Japan and South Korea experienced a strong upward move on July 23rd.By the latest trading data, South Korea's benchmark KOSPI index had surged more than 3%, climbing back above the 7,000-point level.Major constituent Samsung Electronics Co Ltd advanced more than 4%, while SK Hynix Inc saw gains exceeding 4.5%.In Japan, the Nikkei 225 index was up 0.74%, an increase of over 400 points.This rally followed a session where the three major U.S. stock indices closed slightly lower overnight.The Nasdaq Composite fell 0.57%, the S&P 500 declined 0.14%, and the Dow Jones Industrial Average edged down 0.01%.Among notable movers, Super Micro Computer Inc surged nearly 20% after significantly raising its gross margin guidance for the fourth fiscal quarter, with new orders for the period exceeding $600 billion.Dell Technologies Inc rose more than 9%, marking its largest single-day gain since June 2nd.SpaceX shares dropped over 6%, hitting a new low since its public listing.Most mega-cap 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