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

AASTOCKS News
2026.05.21 06:28
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Major Asia-Pacific markets saw significant gains, with South Korea's KOSPI surging 8%, while the Nikkei and Taiwan stocks rose over 3%. SoftBank's shares soared nearly 20% amid IPO news. NVIDIA's strong fiscal results and share buyback boosted regional semiconductor stocks. Singapore's Straits Times Index hit a record high, while Indonesia's IDX fell nearly 3% due to tighter commodity export controls. Overall, the DJIA surpassed 50,000, marking a positive shift in US markets.