Asian stocks explode! The Nikkei Index soared over 1,100 points in early trading, and South Korean stocks soared nearly 3%.

Asian stocks rose. Stock market diagram. (Bloomberg file photo)

First published: 10/16 09:53

Update time:10/16 11:01

[Financial Channel/Comprehensive Report] U.S. stocks were mixed on Thursday (15th), and Asian stocks reported good news today (16th). Taiwan, Japan, and South Korea stocks opened higher, with the Nikkei Index soaring 1,124.73 points in early trading, and South Korea stocks soaring nearly 3%.

As the market worried about excessive spending by technology companies in the field of AI and turned to other investment targets, while digesting inflation data, the Dow Jones Industrial Average rose 556.21 points, or 1.08%, to close at 52177.69 points; the S&P 500 Index rose 25.12 points or 0.33%, closing at 7744.06 points; the Nasdaq Composite Index rose 20.16 points, or 0.08%, to close at 26713.03 points; the Philadelphia Semiconductor Index fell 103.17 points, or 0.88%, to close at 11581.22 points.

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In the Asian stock market, the Nikkei Index opened today at 64925.29 points, an increase of 499.34 points. Then the index rose all the way, with a maximum increase of 1262.76 points to 65688.71 points. At the end of the morning session, the index rose by 1124.73 points or 1.75% to 65550.68 points.

In terms of Korean stocks, the South Korea Composite Index opened at 5653.99 points, an increase of 99.77 points from the previous trading day. The index also gradually rose. At around 10:59 Taipei time, the index rose 3.02% or 167.89 points to 5722.11 points.

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