Asian Stocks Stumble on US Shutdown Fears, Kospi Bucks Trend |
Asian markets closed Friday with a mixed bag of results, largely leaning into the red as global concerns weighed heavily on investor sentiment.
The ongoing anxiety over a potential US government shutdown, coupled with persistent tech and trade tensions, dragged down major indices.
Hong Kong’s Hang Seng Index (HSI) dropped by a notable 1.14%, and Japan’s Nikkei 225 followed suit with a 0.97% decline.
Mainland China also traded lower.
However, South Korea's Kospi was the clear outlier, jumping by approximately 1.39%.
This bullish performance in Seoul District was reportedly fueled by exciting news of AI-related chip deals involving key local firms, providing a significant boost against the broader regional gloom.
The divergence underscores the impact of sector-specific news in volatile global markets
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