Nikkei 225 surges 2%; KOSPI consolidates after opening lower; SK hynix and Samsung Electronics edge higher, SoftBank plunges 4%

The story

The Nikkei 225 in Japan was up 2.05% at 58,614.33 points. Buying prevailed on bargain-hunting after oversold conditions and as U.S. semiconductor stocks stabilized.

In South Korea, the KOSPI opened down 1.33% and fell to around 4,992.5 points, but subsequently began to consolidate at lower levels.

Among individual stocks, Samsung Electronics rebounded modestly, up 1.22% at 191,000 won, while SK hynix rose 0.8% to 1,141,000 won. Kioxia, meanwhile, fell 1.09% to ¥8,418 and SoftBank dropped 4.51% to ¥3,389.

At a glance

Nikkei AverageThe Nikkei 225 surged 2.05% to 58,614.33 points

KOSPIThe KOSPI opened lower after the opening, down 1.33% at around 4,992.5 points

SamsungSamsung Electronics up 1.22% at 191,000 won

HynixSK hynix up 0.8% at 1,141,000 won

KioxiaKioxia down 1.09% at ¥8,418

SoftBankSoftBank down 4.51% at ¥3,389

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