Asian markets traded in green in early deals on Friday, buoyed by the massive rally in in technology, semiconductor and artificial intelligence shares. Stabilized crude oil rates curbed inflation concerns and trimmed pressure on import-dependent Asian economies. South Korea’s KOSPI skyrocketed after massive $26.5 billion blockbuster US share sale by South Korean chip giant SK Hynix. Meanwhile, the Taiwan Stock Exchange (TWSE) has suspended all trading operations for the day due to the arrival of Typhoon Bavi, which triggered emergency closures across the region.
Nikkei surged by 1,266.15 points or 1.87% to 69,010.00, Straits Times rose by 23.20 points or 0.43% to 5,457.08, Hang Seng soared by 411.82 points 1.71% to 24,442.00, KOSPI Index skyrocketed by 330.24 points or 4.53% to 7,622.15, Jakarta Composite added by 25.35 points or 0.43% to 5,937.79, Shanghai Composite higher by 30.48 points or 0.76% to 4,067.07, and FTSE Bursa Malaysia KLCI index jumped by 15.78 points or 0.94% to 1,693.42.
