Nikkei 225 Ends Up 0.32%; Kospi Gains 1.62%, Kosdaq Jumps 5.88%
Minseung Kang
Summary
- The Kospi closed at 6,358.95, up 1.62% from the previous session.
- The Kosdaq jumped 5.88%, extending its advance to a third straight trading day.
- South Korean and Japanese stocks both rose, with the Nikkei 225 closing up 0.32%.
Forecast Trend Report by Period
South Korean and Japanese stocks closed higher on Aug. 4. The Kosdaq jumped nearly 6%, extending its rally to a third straight session.
Crypto news outlet Odaily reported that the Kospi ended at 6,358.95, up 101.5 points, or 1.62%, from the previous trading day. The index was down more than 2% at one point during the session before turning higher.
The Kosdaq surged 5.88%. A buy-side sidecar, which temporarily halts program buy orders, was triggered as share prices climbed rapidly during the day.
Among individual stocks, SK Hynix rose 0.63% and Samsung Electronics gained 0.2%.
Japan's Nikkei 225 closed at 63,957.53, up 202.63 points, or 0.32%. Kioxia rose more than 4%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.