"Asian Stocks" Asia-Pacific stock markets generally rise, with Japan and South Korea's stock markets up over 1%, Taiwan Semiconductor performs well

AASTOCKS
2025.06.09 04:53

The market is optimistic about the China-U.S. trade negotiations taking place today (9th) in London, with major stock markets in the Asia-Pacific region generally rising this morning (9th). Jensen Huang, CEO of NVIDIA, is giving several speeches in Europe this week, boosting semiconductor stocks.

Last month, mainland China's export performance was below expectations, and inflation was also lower than expected. The Shanghai Composite Index rose 7 points or 0.2% to 3,393 points; the Shenzhen Component Index rose 62 points or 0.6% to 10,246 points. The Hong Kong Hang Seng Index rose 240 points or 1% to 24,033 points, with a turnover of HKD 151.8 billion. The Taiwan Weighted Index rose 114 points or 0.5% to 21,775 points. Taiwan Semiconductor rose 1% back above the NT$1,000 level. MediaTek and Hon Hai rose 0.4% and 1.3%, respectively. The three major shipping stocks in Taiwan, Evergreen, Yang Ming, and Wan Hai, fell between 1.5% and 3%.

The Japanese Nikkei Average rose 405 points or 1.1% in the afternoon to 38,147 points. NVIDIA supplier Advantest (6857.JP) rose 5.5%, while Soitec (6526.JP) and Discus (6146.JP) rose 7.6% and 3.5%, respectively. SoftBank (9984.JP) rose 4.4%.

The South Korean Kospi Index rose 42 points or 1.5% to 2,854 points. Samsung Electronics and SK Hynix rose 1.4% and 2.2%, respectively, while Hyundai Motor and Kia rose 4.2% and 2.7%. India's Nifty50 Index rose 114 points or 0.5% to 25,117 points. Tata Consultancy Services and Infosys rose 1.2% and 1%, respectively.

The New Zealand Stock Exchange 50 Index fell 32 points or 0.3% to 12,531 points at the close. The Singapore Straits Times Index rose 6 points or 0.2% to 3,940 points at midday. DBS Bank rose 0.8%, while the Singapore Exchange fell 1.4%. The Philippines PSEI and Malaysia KLCI rose 0.1% and 0.2%, respectively, while Thailand's SET 50 fell 0.3%, and the stock markets in Hanoi and Ho Chi Minh City in Vietnam each fell 0.5%. The Australian and Indonesian stock markets are closed for holidays

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