The Japanese stock market demonstrated remarkable resilience on Tuesday, with the Nikkei 225 index surging 9.3% after a devastating 12.4% plunge the previous day.
According to Report, which cites Interfax, leading the charge was Kikkoman, a renowned producer of food products and seasonings, whose shares skyrocketed by nearly 21%. The technology sector also experienced significant gains, with companies such as Tokyo Electron (+14.2%), Screen Holdings Co. (+10.4%), Socionext Inc. (+8.3%), Renesas Electronics Corp. (+17%), SoftBank Group (+9.1%), and Advantest (+13.6%), all posting impressive increases.
Major Japanese corporations, including Toyota Motor (+10%), Sony Group (+8.2%), Fast Retailing (+2.9%), Nintendo (+11.8%), and Mitsubishi UFJ bank (+4.2%), also contributed to the market’s recovery.
Mirroring Japan’s rebound, the South Korean Kospi index jumped 3.8% after a nearly 9% decline on Monday. Samsung Electronics, one of the world’s largest producers of chips and consumer electronics, saw its shares rise by 2.1%, while rival chipmaker SK Hynix experienced a 5.2% increase.
Other notable South Korean companies, such as automaker Hyundai Motor (+5.4%)</i>, airline <i>Korean Air Lines (+1%)</i>, and steelmaker <i>Posco (+5.3%), also contributed to the market’s recovery.
While Japan and South Korea enjoyed substantial gains, the Chinese Shanghai Composite index dipped by 0.35%, and the Hong Kong Hang Seng index fell by 0.3%. Notable declines on the Hong Kong Stock Exchange included insurer China Life Insurance (-3.6%), casino operator Sands China (-3.1%), and electric vehicle manufacturer BYD (-2.4%).
