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Asian Stocks Hit New Records as South Korea and Japan Rally Sharply

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • Asian stock markets continued to reach new highs on Monday, with South Korea's KOSPI and Japan's Nikkei 225 both setting records.
  • The KOSPI surged 2.6% to 8696 points, boosted by a more than 3% rise in Samsung's stock price.
  • The Nikkei 225 also hit a record high, trading above 66957 points, despite cautious sentiment from U.S. President Trump regarding the Iran nuclear deal.

Asian stock markets defied geopolitical concerns on Monday, extending their rally to new record highs. South Korea's KOSPI experienced a significant surge of 2.6%, reaching an unprecedented 8696 points. This impressive performance was partly driven by a more than 3% jump in the stock price of tech giant Samsung.

Japan's Nikkei 225 also joined the upward trend, climbing over 600 points to trade above 66957, marking another new milestone. The gains occurred despite a cautious stance from U.S. President Trump on the Iran nuclear deal, indicating that market sentiment in Asia remained robust and focused on growth.

The robust performance across Asian markets highlights strong investor confidence and a continued appetite for risk, even in the face of international tensions. The simultaneous record-setting by both the KOSPI and Nikkei underscores a broad-based positive trend in the region's financial markets.

DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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