Asian stocks counterattack! Korean stocks rose more than 2.5%, Nikkei rose nearly 500 points

Asian stocks counterattack! South Korean stocks rose more than 2.5%, and the Nikkei rose nearly 500 points. (Bloomberg)

[Financial Channel/Comprehensive Report] Affected by the weak trend of chip stocks, the four major U.S. stock indexes continued to close in the black on Tuesday, and the decline was still contained. After the heavy losses on Tuesday, Asian stocks took the lead in rebounding on Wednesday. Among them, Korean stocks had the biggest gain, rising by more than 2.5% in early trading. The Nikkei also opened higher, rising 500 points during the session, returning to 68,000.

Chip stocks continued their recent decline, and the market is also analyzing the mixed quarterly results of Citigroup and other large U.S. banks. On Tuesday, the Dow Jones Industrial Average fell 180.45 points, 0.35%, the S&P 500 Index fell 0.02%, the Nasdaq Index fell 0.15%, the Philadelphia Semiconductor Index fell 0.23% for five consecutive years, and TSMC ADR rose 0.77 US dollars, 0.17%, to close at 445.12 US dollars.

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After the heavy losses on Tuesday, Asian stocks were the first to rebound on Wednesday. Among them, Korean stocks had the biggest gains. The index opened up 26.72 points or 0.44%, opening at 6062.08 points. After Samsung Electronics and SK Hynix opened higher, rising more than 3.5%, the index also Following the surge, it reached 6190.65 points, an increase of 155.29 points or 2.57%. However, after the sharp increase, adjustment selling orders were seen again, and the increase converged. As of 10:47 Taipei time, it was reported at 6134.84 points, an increase of 99.48 points or 1.65%.

The Nikkei also rebounded, opening up 165 points to 67942 points. The index opened higher, rising 499 points or 0.73% to 68276 points. It temporarily closed at 68193 points in the morning, up 415 points.

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