Asian Markets Soar as Korea’s KOSPI Hits New Record High
Source Tradingkey
TradingKey – A dramatic rebound across Asian equities pushed Korea’s benchmark index to a fresh all-time high, as concerns over U.S.–China trade tensions eased.
On Wednesday, October 15, Asian stock markets reversed course and rallied broadly:
- Shanghai Composite Index closed up 46.98 points, gaining over 1%
- Hang Seng Index surged more than 500 points, rising nearly 2% to 25,940
- Nikkei 225 jumped 825.35 points, up almost 2%, closing at 47,672.67
- KOSPI Index led the region, climbing 95.47 points, up nearly 3% to 3,657.28, marking a new record high
KOSPI Index Chart – Source: Google.
Just a day earlier, Asian markets had slumped amid renewed trade war fears:
- Shanghai Composite fell 0.62%
- Nikkei 225 dropped 2.58%
- Hang Seng Index declined 1.73%
The sharp turnaround reflects growing optimism that diplomatic channels may ease tensions between Washington and Beijing, restoring investor confidence across the region.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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