Asian stocks climb as worries over further Fed hikes fade
AI Market Summary
Asian equities broadly rebounded as easing expectations for further U.S. rate hikes, firmer U.S. stocks, and lower Treasury yields improved risk appetite. South Korea's KOSPI led gains after prior-session extreme volatility, with KOSPI 200 futures previously triggering a circuit breaker. The rebound was concentrated in megacap tech, as Samsung Electronics and SK Hynix surged, highlighting renewed sensitivity to rates and duration-heavy equity exposure.
Impact level
● Medium
Affected assets
NCSIKOSPI2USD/USDT+2.33%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▲ Bullish
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Major Asian equity markets advanced after investors pared back expectations for additional U.S. interest-rate increases. Gains in U.S. stocks and a pullback in U.S. Treasury yields supported risk appetite across the region, helping South Korean shares stabilize following a highly volatile prior session.
South Korea's KOSPI rose 1.09%, Japan's Nikkei added 0.67%, Hong Kong's Hang Seng Index jumped 2.22%, and China's Shanghai Composite gained 0.70%.
In Korea, Wednesday's trade saw sharp swings: the KOSPI slid nearly 3% intraday to 6,641.94 before rebounding. KOSPI 200 futures surged as much as 5%, triggering a circuit breaker and underscoring elevated day-to-day volatility.
Tech shares led Thursday's recovery. Samsung Electronics and SK Hynix each climbed more than 7%, providing the main boost to the broader South Korean market.
