Japanese and South Korean Stocks Rise in Early Trading, Kospi Gains Over 2%, SK Hynix Up Nearly 4%, Kioxia Surges Over 5%

TradingKey - On October 21, Japanese and South Korean stock markets rebounded in early trading, with both markets opening higher. The Korea Composite Stock Price Index (KOSPI) opened 2.05% higher at 5,666.34 points, before extending gains to 2.10% at 5,669.58 points; Japan's Nikkei 225 Index opened up 1.26% at 64,885.95 points, before expanding gains to 1.41% at 64,979.50 points.

Source: TradingView

South Korean semiconductor leaders strengthened in early trading, with Samsung Electronics gaining 2.72% to 217,500 won (approx. $164) and SK Hynix advancing 3.92% to 1.271 million won. In the Japanese market, Kioxia surged 5.18% to 13,820 yen (approx. $8), while SoftBank Group rose 3.56% to 4,716 yen.

Overnight, the three major U.S. stock indexes showed mixed performance. The Dow Jones Industrial Average rose 1.02% to 52,495.88 points; the S&P 500 Index gained 0.28% to 7,712.57 points; and the Nasdaq Composite Index dipped 0.02% to 26,424.82 points. Tech stocks diverged in after-hours trading, with SpaceX (SPCX) surging nearly 7%, Super Micro Computer (SMCI) jumping 11% after announcing preliminary results, while Netflix (NFLX) fell 5.6%.