Asian stocks rebound with revenge! South Korea's stock market once soared more than 5.6%, triggering a circuit breaker, and the Nikkei rebounded by more than 1,800 points
Quick Look
- The four major U.S. stock indexes all rose sharply on Monday, leading to a rebound in Asian stocks on Tuesday.
- The Korean stock market once soared more than 5.6% and triggered a circuit breaker.
- The Nikkei rebounded by more than 1,800 points and reached the 60,000-point mark.
AI-generated summary
Why It Matters
The four major U.S. stock indexes all rose sharply on Monday, with the Federal Reserve Index rising 6.88%, leading Asian stocks to follow suit on Tuesday. The Korean stock market once soared more than 5.6% and triggered a circuit breaker. The Nikkei rebounded by more than 1,800 points and reached 60,000 points. Huida CEO Huang Renxun admitted that he had an affair with a Chinese businesswoman. Huida's stock price continued to fall, but it failed to stop the overall rise in U.S. stocks.
Despite the storm of the Jen-Hsun Huang scandal, the four major U.S. stock indexes all surged on Monday, with the index rising the most by 6.88%. Inspired by this, Asian stocks followed suit on Tuesday, and Korean stocks soared more than 5.6%, triggering a circuit breaker. After rising sharply, they adjusted on the highs, and the gains converged slightly. The Nikkei also soared over 1,800 points, reaching the 60,000-point mark, and temporarily closed at 60,475 points in the morning, up 1,700 points.
The CEO of NVIDIA, the American artificial intelligence (AI) chip giant, Jensen Huang admitted that he had an affair with a Chinese businesswoman. As NVIDIA launched an investigation, NVIDIA's stock price continued to fall on the 9th. However, the US stock market was not afraid of NVIDIA's impact. The four major indexes bucked the trend and soared. Among them, NVIDIA had the strongest rise. It finally rose 646.22 points or 6.88% to close at 1003 6.47 points; the other three major indexes closed respectively. The Nasdaq Index rose 697.55 points or 2.84% to close at 25276.97 points. The S&P 500 Index rose 190.39 points or 2.58% to close at 7567.25 points. The Dow Jones Industrial Average rose 1123.28 points or 2.19% to close at 52409.01 points.
Asian stocks followed suit on Tuesday, with South Korean stocks being the wildest among them. They opened soaring 228.36 points or 4.55%, opening at 5247.22 points. The index opened higher and soared to 5300.92 points, up 282.0 points. At 6 o'clock, or 5.62%, the index directly shut down. After a sharp rise, adjusted sell orders were released, and the rise converged slightly. As of 10:34 Taipei time, it was at 5244.1 points, up 225.24 points or 4.49%.
After yesterday's sharp rise, the Nikkei continued to soar on Tuesday, opening up 597 points and opening at 59,372 points. The index opened higher, breaking through 60,000 points, reaching 60,619 points, up 1,844 points, or 3.13%. It temporarily closed at 60,475 points in the morning, up 1,700 points.
What to Watch
AI outlook — possibilities, not facts
Korean stocks and the Nikkei will remain high and volatile in the short term, and adjustments may occur
Likely · Within days
Open Questions
- When will the results of Huida's investigation into the Jen-Hsun Huang scandal be announced?
- What are the specific triggering conditions and subsequent regulatory measures for the Korean stock circuit breaker mechanism?
- What will be the follow-up trend after Nikkei reaches 60,000 points?
