MARKETS: Asia in decline, Kospi recovered slightly

The decline in Asian stock markets continues, although the Kospi has risen by 3.7 percent. South Korea’s Kospi index fell ten percent on Tuesday.

At the time of the review, Japan’s Nikkei 225 index was down 0.7 percent, Hong Kong’s Hang Seng was down 0.1 percent, and Taiwan’s Taiex was down about 2.0 percent. Korea’s Kospi rose 3.7 percent.

Semiconductor stock Taiwan Semiconductors was down 3.2 percent.

A good 12 percent decrease yesterday Samsung was up by 7.4 percent, while it was down by a good 12 percent yesterday SK Hynix was yesterday’s level at zero.

of SoftBank Group Masayoshi Son said he intended to hold on to the leadership of the company he founded for another decade or more, abandoning his long-held plan to step down in his sixties. SoftBank’s share was down 0.6 percent.

On Wednesday, the market’s eyes are on the US semiconductor manufacturer Micron’s in the result. According to Bloomberg, the result is seen as an important test of whether demand for AI infrastructure is sufficient to support this year’s strong price rally.

In currencies, the US dollar strengthened against many major currencies. The euro weakened against the dollar, the yen and the pound. At the time of review, one euro equaled 1.1367 dollars, 183.65 yen, 0.86134 pounds or 11.078 Swedish kronor.