Nvidia Earnings Beat Ignites Semiconductors; Kospi Surges Toward 7,000 Level as SK Hynix and Kioxia Soar 6%
TradingKey·
- Nvidia's strong Q2 earnings report and falling U.S. Treasury yields and oil prices drove Japanese and South Korean stock markets significantly higher at the open on August 27.
- The South Korean KOSPI index surged 2.66% to approach 7,000 points, while heavyweight stocks like SK Hynix and Samsung Electronics rose 5.81% and 3.15% respectively.
- Meanwhile, Japan's Nikkei 225 index gained 0.44%, boosted by broad gains in tech stocks such as Kioxia up 6.08% and SoftBank up 1.51%.