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<Asia> Japan, S Korea, Taiwan Stocks Hit Record Highs; SoftBank Surges 14% to Overtake Toyota as Japan's Most Valuable Firm; Samsung Electronics Jumps 10%
Markets are monitoring developments in Iran. Major Asia-Pacific markets broadly advanced today (1st), with stock markets in Japan, South Korea and Taiwan all hitting record highs, ...
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<Asia> Japan, S Korea, Taiwan Stocks Hit Record Highs; SoftBank Surges 14% to Overtake Toyota as Japan's Most Valuable Firm; Samsung Electronics Jumps 10%
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Markets are monitoring developments in Iran. Major Asia-Pacific markets broadly advanced today (1st), with stock markets in Japan, South Korea and Taiwan all hitting record highs, while several regional markets were closed for holidays.

Mainland China A-shares were slightly weaker. The Shanghai Composite Index closed down 10 points, or nearly 0.3%, at 4,057, while the Shenzhen Component Index fell 234 points, or 1.5%, to 15,340. Hong Kong stocks were last at 25,450 in the afternoon session, up 268 points, or nearly 1.1%, with turnover of HKD277.7 billion. Taiwan's market hit an intraday record high of 45,931 and closed up 604 points, or 1.35%, at 45,337. TSMC closed flat, Hon Hai rose 1.6%, MediaTek gained 5.7%, while Delta Electronics fell 1% against the broader market trend.

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The Nikkei Index hit an intraday record high of 67,231 and closed up 604 points, or 0.9%, at 66,934. SoftBank surged 14% after the group announced plans to invest EUR45 billion over the next five years to build AI infrastructure in France. Semiconductor and precision electronics equipment stocks performed strongly, with NEC up 6.5%, and Fujitsu, Taiyo Yuden, Socionext, Murata Manufacturing, SUMCO and memory chipmaker Kioxia rising 8.4% to 10.1%. Auto stocks bucked the trend, with Toyota and Nissan falling 4.5% to 5.4%. SoftBank overtook Toyota to become Japan's most valuable listed company by market capitalization.

South Korea's KOSPI hit an intraday record high of 8,874 and closed up 312 points, or 3.68%, at 8,788. Heavyweights Samsung Electronics and SK Hynix rose 10.1% and 1.3%, respectively. Hanwha Aerospace fell 3% against the market trend.

Australia's S&P/ASX 200 Index edged down 2 points, or less than 0.1%. India's BSE Sensex fell 0.1% and the Nifty 50 Index slipped 0.2%. Vietnam's Ho Chi Minh Index declined 0.8%, while the Hanoi Index surged 3.3%. The Philippines' PSEi rose 0.5%. Markets in Indonesia, Malaysia, New Zealand, Singapore and Thailand were closed for holidays. (da/u)

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