Asian stocks gain amid KOSDAQ drop
The South Korean Kospi main index fell by 4.9% to reach 6,491 points, influenced by investors adopting a selling approach in stocks related to artificial intelligence, such as Samsung Electronics and SK Hynix. Meanwhile, other Asian markets experienced mixed performance, with stocks in Hong Kong rising by 2.1%, Shanghai up by 1.2%, and the Taiwanese TAIEX index seeing a slight increase, driven by Taiwanese chip manufacturer investments in the United States. Indian shares declined by 0.9%. Tensions between the United States and Iran led to oil prices exceeding $90 per barrel, amid ongoing military attacks, threatening to prolong disruptions in global energy supplies.
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