"Asian Stocks" Asia-Pacific stock markets generally perform well, South Korean stocks rise 2.3% to a new high, SK Hynix rises 6%

The market anticipates that the meeting between the US and Chinese leaders will ease trade tensions, leading to a generally positive performance in the Asia-Pacific stock markets today (24th), with Intel's after-hours stock price surge boosting semiconductor and technology stocks in the region.

At a press conference by the Central Committee of the Communist Party of China, it was mentioned that the "14th Five-Year Plan" will create a new high-tech industry in China over the next decade. The People's Bank of China conducted a seven-day reverse repurchase operation with a net injection of 3.2 billion yuan. The Shanghai Composite Index reached a high of 3,946 points, a ten-year high, closing at 3,938 points, up 16 points or 0.4%; the Shenzhen Component Index rose 169 points or 1.3%, closing at 13,195 points. The Hang Seng Index in Hong Kong rose 154 points or 0.6%, closing at 26,122 points, with a turnover of 122.9 billion yuan. The Taiwan stock market was closed for the holiday.

Japan's core inflation rate for September was 2.9%, in line with expectations, and the Nikkei Index rebounded in the afternoon by 764 points or 1.6%, closing at 49,406 points. Semiconductor stocks led the gains, with Kioxia rising 18%, Advantest and Disko rising 3.6% and 5%, respectively, and SoftBank rising 5.6%.

South Korea's Kospi Index rose 88 points or 2.3%, closing at a historical high of 3,933 points. Samsung Electronics and SK Hynix rose 2.5% and 6.3%, respectively, while LG Energy Solution rose 8.4%.

India's Nifty 50 Index fell 17 points to 25,874 points. Hindustan Unilever fell 3.5%, as the market focused on the impact of India's reduction of goods and services tax on company revenue and profit margins. Indian Oil and Natural Gas rose 1.5%.

The S&P/ASX 200 Index in Australia fell 6 points to 9,025 points at the close. Gold mining stock Newmont fell 4%, while mining stock Rio Tinto rose 1.4%. The NZX 50 Index in New Zealand rose 14 points or 0.1%, closing at 13,391 points.

The Straits Times Index in Singapore rose 11 points or 0.3%, closing at 4,427 points. DBS Bank rose 0.6%, Sembcorp Industries rose 1.6%, and semiconductor testing company ASE Technology rose 2.8%. The Malaysian and Indonesian stock markets rose 0.2% and 0.5%, respectively, while the Thai stock market rose 1.1%. The stock markets in Hanoi and Ho Chi Minh City, Vietnam, fell 0.4% and 1.2%, respectively, and the Philippine stock market fell 0.6%