South Korean and Japanese equities opened higher on Friday, though some of the early gains eased shortly after the open, according to market data cited by ChainCatcher from Gate. In South Korea, the KOSPI opened up 1.80% at 5,653.99 and was later quoted at 5,623.72, still showing a 1.25% gain on the day. The KOSDAQ also opened 1.49% higher. Chip-related shares remained among the strongest names, with Samsung Electronics and SK Hynix both still up more than 2%.
The move followed a sharp sell-off in South Korean equities a day earlier that triggered a circuit breaker, with Friday's action described as a rebound. In Japan, the Nikkei 225 opened 0.78% higher at 64,925.29. After the opening bell, the index briefly extended its gain to 1% before continuing to trade near session highs.
South Korean and Japanese stocks opened higher on Friday, then gave back part of their early gains, according to Gate market data cited by ChainCatcher.
In South Korea, the KOSPI opened up 1.80% at 5,653.99. It was later quoted at 5,623.72, leaving it up 1.25% on the day. The KOSDAQ opened 1.49% higher. Memory chip stocks continued to lead, with Samsung Electronics and SK Hynix both still up more than 2%.
The move came after South Korean equities fell sharply a day earlier and triggered a circuit breaker. Friday's session marked a rebound.
In Japan, the Nikkei 225 opened 0.78% higher at 64,925.29. It briefly climbed as much as 1% after the open and was later holding near session highs.
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