Asian stock markets: Nikkei, TSE, and South Korea Composite Index rise due to strong chip performance and optimistic earnings outlook
2026-08-13 11:12:37
According to CoinMeta, Asian stock markets generally rose due to strong chip performance and optimistic earnings prospects. In Japan, the Tokyo Stock Exchange index reached a new high for the seventh consecutive trading day, while South Korea's Composite Index recorded its strongest single-day gain in several months. Analysts noted that the upward trend in Japan has shifted from momentum stocks to value and growth stocks, indicating genuine confidence in earnings prospects. In South Korea, foreign investors led this rally, making large purchases in Samsung Electronics and SK Hynix, whereas local retail investors chose to sell during the upward movement. This pattern typically suggests that institutional confidence in AI infrastructure-related themes is strengthening. With moderate performance of key U.S. inflation data, market expectations for the Federal Reserve to maintain interest rates unchanged have increased, and the outlook for Asian tech stocks in the short term is positive.
Bullish 0
Bearish 0
Source:Internet
This content is for market information only and does not constitute investment advice.