Chip stocks lift Kospi above 7,130; Nikkei edges up despite yen pressure
South Korea's Kospi jumped over 1.9% on chip strength, while Japan's Nikkei barely rose after weathering a yen spike.
Major US stock indices ended lower except for the Nasdaq 100, which eked out a small gain.
The main US equity benchmarks finished in negative territory. The S&P 500 declined 0.33%, and the Nasdaq Composite dropped 0.12%.
The Dow Jones Industrial Average posted the steepest loss among the major indexes, dragged down by drops in Amazon (-2.50%), Honeywell (-1.79%) and Sherwin-Williams (-1.73%). Meanwhile, the Nasdaq 100 managed a marginal rise of 0.08%. The closing levels for the major indexes are listed below:
Among the day's standout gainers were:
Some notable losers in the session were:
The final readings could have been steeper. During the session, the Nasdaq Composite touched a low of -152.60 points, and the S&P 500 hit a low of -46.69 points. The Nasdaq 100 fell as much as 128.93 points before recovering to close up 23.55 points.
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South Korea's Kospi jumped over 1.9% on chip strength, while Japan's Nikkei barely rose after weathering a yen spike.
South Korean stocks rallied, led by Samsung and SK Hynix, while Wall Street futures declined amid inflation concerns and higher oil prices.
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