As concerns about further interest rate hikes by the United States eased, major Asian stock markets generally rebounded. The strength in U.S. stocks and the decline in U.S. Treasury yields boosted regional market risk appetite, and the South Korean stock market also saw a rebound after experiencing sharp fluctuations on the previous trading day.
Asian stock markets generally rose.
South Korea's KOSPI rose by 1.09%, Japan's Nikkei index rose by 0.67%, Hong Kong's Hang Seng Index rose by 2.22%, and the Shanghai Composite Index rose by 0.70%. Market sentiment has warmed up, mainly due to the weakening expectations of Federal Reserve policies.
Korean stock market experienced sharp fluctuations the day before.
KOSPI Before this rebound, the market once fell by nearly 3% during Wednesday's session, hitting a low of 6641.94 points, before quickly recovering. KOSPI The 200 futures contract once rose by 5%, triggering the circuit breaker mechanism, indicating that intraday volatility had significantly increased.
Tech heavyweight stocks drive the rebound
In terms of individual stocks, both Samsung Electronics and SK Hynix have seen increases of over 7%. These two large technology stocks have strengthened, becoming the main driving force behind the rebound in the South Korean stock market.
