Asian stocks turn around! Korean stocks surged about 4% and turned red, and the Nikkei also pulled over 700 points.

Asian stocks turn around! Korean stocks surged by about 4% and turned red, and the Nikkei also pulled over 700 points. (European News Agency)

[Financial Channel/Comprehensive Report] Selling pressure on U.S. technology stocks exploded, with the Federal Reserve Index falling 3.83% last Friday. Asian stocks went wild on Monday, and Korean stocks opened lower and fell 3.16%, breaking 550 0 points, while the Nikkei also opened lower by 1,493 points, breaking through 64,000. However, stimulated by the rise in the US futures index, the Asian stock market's decline converged. The Korean stock market sharply increased by nearly 4% and turned red, and the Nikkei also sharply increased by 728 points.

U.S. stocks closed lower on Friday, with CoreWeave, Broadcom and other AI-related technology stocks under pressure again, while soaring oil prices also panicked the market before the weekend, with the panic index (VIX) exceeding 22 for the first time in four months. The Dow Jones Industrial Average fell 175.28 points or 0.34%, the S&P 500 Index fell 1.09%, the Nasdaq Index fell 2.14%, and the Philadelphia Semiconductor Index fell another 3.83%, marking the eighth consecutive trading day of declines and setting a record for the longest losing streak since 2008. TSMC’s ADR dropped by $9.64, 2.28%, to close at $412.61.

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Asian stocks also fell on Monday. South Korean stocks, led by Samsung Electronics and SK Hynix, plunged 179.65 points and 3.16% at the opening, opening at 5488.41 points. The index broke 5500 points, falling to a low Entering the market after receiving buying orders, the stock price of Samsung Electronics turned red, and the index quickly rose and once turned red, returning to 5705.5 points, a sharp increase of 3.95%. As of 9:46 Taipei time, the index fluctuated within a narrow range under the flat market.

Not only did the Korean stock market plummet, but the Nikkei also opened lower, opening down 505 points or 0.77%, opening at 64,819 points. The index opened lower and fell further below 64,000. It retested 63,831 points and fell 1,493 points or 2.28%. After the sharp sell-off, buying orders entered the market and the index fell quickly. As of 9:47 Taipei time, it was reported at 64558 points, down 765 points, or 1.17%. The index reached a low of 728 points.

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