Asian stocks are in shock! The Nikkei Index changed its face in early trading and once plunged more than 800 points. Korean stocks fell 3%.

Asian stocks fell. Stock market diagram. (European News Agency file photo)

First published:11/05 09:40

Update time:11/05 10:46

[Financial Channel/Comprehensive Report] U.S. stocks were mixed on Wednesday (4th). In Asian stock markets, after the Nikkei opened higher, it immediately gave up its gains and fell more than 800 points at one point, while Korean stocks fell 3%.

The victory of the Democratic Party in the U.S. midterm elections eliminated the uncertainty hanging over Wall Street. On Wednesday, the Dow Jones Industrial Index rose 1,569.40 points, 3.03%, and returned to above 53,000 points, marking its best single-day performance since April 9, 2025. The S&P 500 Index rose 1.58%, the Stark Index rose 1.44%, and the Philadelphia Semiconductor Index fell 3.13%.

Japanese media reported that boosted by the rise in the three major U.S. stock indexes, investors digested the results of the mid-term election, which led to a resurgence in buying momentum, which spread to most stocks. The Nikkei index opened at 62384.73 points, an increase of 196.10 points today. The index then continued to rise, once rising 465.35 points to 62653.98 points.

But it didn’t take long for the situation to change and selling pressure to pour in. The index fell all the way and turned black. It once plunged 854.13 points to 61334.50 points. At the end of the morning session, the index’s decline slightly converged, falling 275.12 points or 0.44% to 61913.51 points.

As for the Korean stock market, the South Korea Composite Index opened at 5580.09 points today, down 103.71 points from the previous trading day. At around 10:37 Taipei time, the index fell 3.16% or 179.57 points to 5504.23 points.

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