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<Asia> KOSPI Surges 8%; Nikkei, Taiwan Stocks Each Up Over 3%; SoftBank Soars 20% as Regional Semiconductor Shares Rally; Singapore Hits Record, Indonesia IDX Extends Nearly 3% Drop
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Overnight (20th), US President Donald Trump said the handling of the Iran issue had entered the final stage. The DJIA returned above 50,000, while the S&P 500 and the Nasdaq each ended a three-day losing streak. AI chip leader NVIDIA Corporation (NVDA.US) reported first fiscal quarter results that beat expectations, announced a USD80 billion share buyback and sharply raised its dividend to USD0.25 per share. Major Asia-Pacific markets mostly advanced today (21st). South Koreas market rebounded sharply by 8%, while the Nikkei and Taiwan stocks each rose more than 3%, and Singapore equities hit a record high. Regional semiconductor shares were broadly bid up on the back of NVIDIAs results. Indonesias benchmark index continued to underperform the region, falling nearly 3%. Mainland Chinas A-share markets diverged in the afternoon session. The Shanghai Composite edged down 1 point to 4,160, while the Shenzhen Component Index rose 84 points or 0.5% to 15,654. Hong Kong stocks opened higher but turned lower. The HSI last stood at 25,630 in the afternoon, down 21 points or less than 0.1%, with turnover of HKD160.825 billion. Taiwans market surged 1,515 points or 3.8% to 41,536. Semiconductor and precision equipment shares performed strongly. TSMC and Hon Hai rose 3% to 3.1%, Wistron and Delta Electronics gained 6% to 7%, while MediaTek and Largan Precision each jumped nearly 10%. Wistron and SK Hynix were earlier added by M Stanley to its Asia-Pacific (ex-Japan) and Global Emerging Markets Focus List. The Nikkei opened up 570 points and extended gains sharply, rising 2,164 points or 3.6% in the afternoon to 61,968. SoftBank soared 19.9% amid reports that OpenAI is preparing to confidentially file for an IPO in the coming days or weeks, while SB Energy, backed by SoftBank and focused on developing energy infrastructure for data centers, also announced a confidential US IPO filing. Semiconductor stocks rallied strongly, with Socionext surging 19%, Renesas Electronics and Kioxia rising 9% to 10.1%. Tokyo Electron and NVIDIA supplier Advantest gained 5% to 5.7%. Optical fiber maker Fujikura advanced 5.5%. Samsung reached a preliminary wage agreement, suspending strike action. South Koreas KOSPI extended gains to 578 points or 8% in the afternoon, last at 7,787. Heavyweights Samsung Electronics and SK Hynix rose 7.8% and 11.3%, respectively. Singapores Straits Times Index hit an intraday record of 5,073 and last stood at 5,060, up 15 points or 0.3%. Australias ASX 200 closed up 1.5% at 8,622. New Zealands NZX 50 rose 0.9% to 12,878. The Philippines PSEI gained 0.9%. Vietnams Ho Chi Minh Index fell 0.8%, while the Hanoi Index rose 1.1%. Thailands SET 50 edged up 0.2%, and Malaysias KLCI slipped less than 0.1%. Indias Nifty 50 rose 0.3% to 23,737, and the BSE Sensex gained 0.3% to 75,511. Indonesias IDX continued its decline, dropping 2.8% to 6,144, repeatedly hitting more than one-year lows. Indonesia announced yesterday tighter state control over commodity exports to address mounting fiscal pressure and weakness in the rupiah. Starting with palm oil, coal and ferroalloys, the government will require sales of these commodities to be conducted through a designated state-owned enterprise, which will act as the sole exporter. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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