The Nikkei 225 rose approximately ¥1,000 in afternoon trading, reaching 64277.21 as of 12:32. South Korean stocks also rose sharply, with the composite index significantly higher and activity increasing across the South Korean equity market. SK's strong earnings were cited as the backdrop.
The Nikkei 225 rose more than ¥1,000 in afternoon trading in Tokyo, reaching ¥64,277.21 as of 12:32, a gain of ¥1,008.84 from the previous day. US market trends and a recovery across Asian equities were cited as possible influences on share prices.
At the same time, the Korea Composite Stock Price Index stood at 6006.71 points, up 368.37 points, or 6.53%. Buying spread across major stocks in the South Korean market.
In stock-market flash reports, South Korean stocks moved higher again and SK surged more than 10%. Reports also indicated that SK's operating profit had risen 600% year on year. The earnings results attracted market attention.
Amid related news on currencies and fiscal matters, reports also said that movements in major markets were affecting US semiconductor stocks and Asian equity markets.