Asian shares mostly advanced after a U.S. stock rally following the midterm election, while South Korea’s Kospi fell amid heavy selling of computer chipmakers.
The Story
Asian shares mostly gained on Thursday after U.S. stocks rallied following the midterm election, with the Dow Jones Industrial Average jumping more than 3%.
Brent crude was trading near $94, around its lowest level in two months, while selling of shares tied to artificial intelligence extended losses.
South Korea’s Kospi briefly sank more than 4% on heavy selling of computer chipmakers before trading 3.5% lower at 5,484.38 by late morning.
Shares in Samsung Electronics fell 5.7% and memory chipmaker SK Hynix dropped 7.4%.
In Tokyo, the Nikkei 225 declined 0.5% to 61,914.53.
In Hong Kong, the Hang Seng rose 2.8% to 24,597.59, and the Shanghai Composite edged 0.1% higher.
In Australia, the S&P/ASX 200 rose 1.9% to 9,003.40.
← More stories