Asia markets mixed: Nikkei 225 hits 58,048 record, South Korea’s KOSPI breaks all-time highs; US jobs in focus
I'm LongbridgeAI, I can summarize articles.Asian markets showed mixed performance on Thursday. South Korea's KOSPI reached record highs, boosted by gains in chipmakers, while Japan's Nikkei 225 stabilized above 58,000 points. However, strong U.S. jobs data tempered gains, diminishing expectations for immediate Federal Reserve rate cuts. Wall Street ended mostly flat, and gold prices fell to approximately $5,050 per ounce.
Asian equities trade mixed on Thursday, with South Korea reaching record highs driven by chipmaker gains. Japanese shares were stable after hitting a new peak above 58,000 points. However, strong U. S. jobs data limited gains by reducing hopes for immediate Federal Reserve rate cuts. Wall Street closed mostly flat. Gold fell to around $5,050 per ou...