Stock markets: After AI sell-off: East Asian stock markets start with gains
After the sharp stock market crash on Wall Street, the markets in East Asia started the trading week on a positive note. In particular, the Japanese benchmark index rose significantly.
Asian stock markets have rebounded slightly after last week's significant sell-off in the AI sector. The Nikkei 225 in Japan rose 3% and the Kospi in South Korea gained 1.2% within two hours of trading. Samsung Electronics and SK Hynix, key players in the AI supply chain, started the trading week with gains of 2.6% and 3.7% respectively.
The Hang Seng Index in Hong Kong and the CSI 300 Index in mainland China also saw modest increases of 0.7% and 0.5%. This recovery comes after a sharp AI-related sell-off on Wall Street last week, which wiped out nearly $3 trillion in market value from S&P 500 companies.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
