MediumPositive
Announced Wed, 1 Jul · 07:25 IST

Asian stocks today: Nikkei 225, Kospi rise more than 1% on US tech rally, optimism over US-Iran talks

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Asian markets opened mixed to higher on Wednesday, with Japan's Nikkei 225 up 1.79 percent and South Korea's Kospi gaining 1.52 percent, driven by a US tech-led rally. The S&P 500 rose 0.8 percent and Nasdaq jumped 1.7 percent, posting their biggest quarterly gains since 2020, while a near 4 percent surge in semiconductor stocks drove record quarterly sector gains. Brent crude recovered to about $73.50 a barrel and gold held near $4,010 an ounce, while the Japanese yen hovered near a four-decade low of 162.65 against the dollar, raising expectations of potential Japanese intervention.