Asian stock markets closed mixed, with South Korea leading the gains driven by buying in chip stocks, while China fell due to selling pressure on tech stocks.

Asian stock markets closed mixed today (July 10, 2569), with Japan and South Korea rising strongly, driven by buying in technology and semiconductor stocks following the upward trend in the US market. Chinese stocks weakened due to selling in technology and industrial stocks, while Hong Kong closed higher amid hopes that tensions between the US and Iran would ease following signs of a return to negotiations.

Japanese stock market

The Nikkei index continued its upward trend, driven by gains in technology and chip manufacturing stocks. Strong performance from US chip stocks, led by SoftBank, Tokyo Electron, Advantest, and Renesas Electronics, supported the index throughout the trading session.

• The Nikkei index closed at 68,557.73 points, up 813.88 points or +1.20%.

Chinese stock market

The Shanghai Composite Index closed lower, driven by selling pressure on technology and industrial stocks, despite investors continuing to monitor progress in negotiations between the US and Iran. The index fell 1.17% over the week.

• The Shanghai Composite Index closed at 3,996.16 points, down 40.43 points or -1.00%.

Hong Kong Stock Market

The Hang Seng Index closed higher, driven by renewed buying in large-cap stocks following improved investment sentiment stemming from slowing oil prices and hopes that conflicts in the Middle East would not escalate further.

• The Hang Seng Index closed at 24,175.12 points, an increase of 144.94 points or +0.60%.

South Korean stock market

The KOSPI index surged the most in the region, driven by buying in semiconductor stocks ahead of SK Hynix's listing on the Nasdaq in the US. Samsung Electronics, Samsung SDI, LG Display, and SK Hynix all rose, significantly boosting the index.

• The South Korean stock market composite index closed at 7,475.94 points, up 184.03 points or 2.52%.

refer : www.cnbc.com

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