Business · Markets · 7 hrs ago

Asian Stocks Rise as South Korea’s Kospi Jumps 5%

Asian Stocks Rise as South Korea’s Kospi Jumps 5%

Asian stock markets rose on Tuesday, with South Korea’s Kospi leading gains.

The Kospi jumped 5%, triggering a temporary trading halt, while Japan’s Nikkei rose 2.72% and Australia’s S&P/ASX 200 gained 1.19%.

The rise followed a strong US market rally on Monday, after shares had fallen the previous week over concerns about possible limits on AI data-centre construction.

Nvidia shares fell 4% even as other technology stocks recovered, after reports about its chief executive drew attention and the company’s board began an independent investigation.

Investors are now watching for US October inflation data, due Tuesday, with economists expecting slower monthly price increases than in September.

The figures could influence expectations for Federal Reserve interest-rate policy, though the release will not include an annual inflation figure because a 2025 government shutdown left some data unavailable for comparison.

1 source

Related