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South Korea’s Kospi stages a sharp rebound, surging over 12%, on course for best day on record
South Korea's Kospi surged over 12% for its best day after a historic 12% drop, driven by global risk-on sentiment and easing geopolitical fears, market data shows.
- On Thursday, South Korea's Kospi index rebounded after plunging 12% on Wednesday, aided by improved global sentiment following overnight gains in U.S. markets.
- Overnight, U.S. gains helped shift sentiment as the surge in oil prices pulled back after developments tied to the U.S.-Israeli war on Iran, while China's Two Sessions began Wednesday with policymakers releasing growth targets.
- Chip and tech names propelled the rebound, as the S&P 500 gained 0.78% and the Nasdaq Composite rose 1.29%, with Micron Technology and Advanced Micro Devices up more than 5%, while Broadcom and Nvidia climbed over 1%.
- Regional benchmarks reacted, with Australia's S&P/ASX 200 starting 0.63% higher as the 30-stock index snapped a three-day run of losses.
- Regional futures signaled stability, with Nikkei futures and Hong Kong Hang Seng index futures rising Thursday.
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South Korea's Kospi experienced 48 dramatic hours: The historic crash was followed by a spectacular recovery. But there is a deeper story behind volatility – that of the world's best stock market in the past two years.
·Düsseldorf, Germany
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InsideNoVA.com+17 Reposted by 17 other sources
Seoul leads rebound across Asian stocks, oil extends gains
Asian equities jumped Thursday after a three-day rout sparked by the Middle East war, but concerns about an extended conflict helped oil extend gains, while analysts warned of more volatility ahead.
Coverage Details
Total News Sources68
Leaning Left17Leaning Right10Center23Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 34%
C 46%
R 20%
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