Asian markets traded mostly higher in early deals on Wednesday
KOSPI Index soars by 225.18 points or 3.99% to 5,865.66
Asian markets traded mostly higher in early deals on Wednesday, kindled by the rally in technological sector stocks with positive sentiment from Nvidia's forecasts. A pullback in Brent crude gave temporary breather to nations dependent on energy imports. Despite President Trump's forceful calls and warnings major US allies have resisted to send warships to the strait, emphasizing a preference for diplomatic solutions. South Korea’s KOSPI soared the most among Asian indices, following updates from Nvidia’s GTC conference, where Korean chipmakers were highlighted as key partners in next-generation AI systems. Stock market of Indonesia is closed for Hindu Saka New Year.
Nikkei surged by 1,441.61 points or 2.68% to 55,142.00, Straits Times soared by 50.02 points or 1.01% to 4,985.99, Hang Seng lifted by 50.46 points 0.20% to 25,919.00, Taiwan weighted buoyed by 395.21 points or 1.17% to 34,231.78, KOSPI Index lifted by 225.18 points or 3.99% to 5,865.66, and FTSE Bursa Malaysia KLCI index increased by 14.85 points or 0.87% to 1,725.84.
On the flip side, Shanghai Composite curtailed by 13.94 points or 0.34% to 4,035.97.
