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Japan and South Korean Stocks Rise; Nikkei 225 Gains Over 2%, KOSPI Rises 0.65%,; SK Hynix, Samsung Slip

Japan and South Korean Stocks Rise; Nikkei 225 Gains Over 2%, KOSPI Rises 0.65%,; SK Hynix, Samsung Slip

TradingKey – On August 10, Japanese and South Korean stock markets closed higher. SK Hynix and Samsung Electronics edged lower, Kioxia rose 0.59%, and SoftBank fell over 1%.

The Nikkei 225 Index closed up 2.08% at 66,970.22 points; the Korea Composite Stock Price Index (KOSPI) rose 0.65% to close at 6,299.66 points.

South Korea’s KOSPI index rose more than 2% during morning trading, and the tech-heavy KOSDAQ index even triggered the sidecar mechanism, leading the Korea Exchange to suspend program buy orders. KOSPI subsequently pared its gains, temporarily turning down by 0.42% in the afternoon to hit a low of 6,232 points, before recovering its losses to finish higher.

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Source: TradingView

Among individual stocks, SK Hynix closed down 0.14%…

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