09/22 S. Korea, Japan, Taiwan stocks rally Vs. China, Hong Kong slump
South Korean stocks led by Samsung Electronics’ surge on favorable factors from Nvidia, leading the index’s gains. In particular, Samsung Electronics contributed 27p and Samsung Electronics’ preferred stocks contributed 2p, excluding the two stocks, which are negative. In addition, while Alteogen rose sharply due to favorable factors from Merck, Apple-related stocks such as Deoksan Neolux also rose sharply. In general, it was characterized by the Apple effect that affected the U.S. stock market last Friday and the trading behavior centered on Samsung Electronics.
Taiwan’s stock market also rose around 1 percent. With TSMC strengthening around 2 percent, Apple-related stocks are clearly strengthening, and similar stocks/industries are moving forward as Korean stocks. Japanese stocks are clearly strengthening, with semiconductor equipment maker Razertec soaring.
On the other hand, the Hong Kong stock market was sluggish, but it is estimated that Berkshire Hathaway sold all of its BYD, and profit-taking sales were released. Furthermore, the disappointment of the People’s Bank of Korea freezing the LPR interest rate is also affected. Expectations for additional stimulus measures were high due to sluggish real indicators released in September, but it can be seen that profit-taking is being released by freezing interest rates.
China’s Shanghai Composite has fluctuated, with hotel tourism, paper, media, architecture, transportation, and steel falling amid strong motorcycles, electronic devices, and electronic information. By theme, software, 5G, and gold rose amid strong Apple-related companies. On the other hand, rural, energy, pork, state-owned enterprises, and construction are sluggish.
After all, the Asian market was characterized by a rise in Apple-related stocks on Friday on news that Apple demanded a 30 percent increase in parts makers, while domestic stocks remained sluggish, with sales of Apple’s iPhone 17 far exceeding expectations
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