Nikkei Soars Past 39,000 with Tech Stocks Leading the Charge as KOSPI Follows Suit with SK Hynix Leading Gains

The Nikkei 225 opened with a rise of 0.3% on Thursday, registering at 39,072.14 points, marking the first time it has surpassed the 39,000 threshold since February 19. This surge was predominantly driven by gains in electronics and technology stocks, highlighting specific sectors' optimism amidst the broader market dynamics.

The South Korean KOSPI index, in contrast, began the day nearly unchanged, standing at 3,108.34 points. This steady start reflects a cautious sentiment, as investors seem to maintain a wait-and-see approach amidst mixed signals from global markets.

Throughout the morning session, major Asia-Pacific stock indices showed a generally upward trend, with the Nikkei 225 up by 1.06% to 38,759.47 points by 11:30 a.m. A substantial number of its constituents experienced increases, with 55 stocks rising over 1%, while only 16 saw declines over the same percentage. Noteworthy among the gainers, SoftBank Group surged by 4.39%, Tokyo Electron increased by 4.03%, Sony edged up by 2.29%, Mizuho Financial Group improved by 2.04%, and Nintendo rose by 1.82%.

Similarly, the KOSPI exhibited robust growth, climbing by 2.84% to 3,100.15 points. Here too, the majority of constituent stocks were on an upward trajectory, with 418 stocks gaining more than 1%. SK Hynix led the rally with an impressive rise of 8.77%, followed by KSOE's 4.93% increase, KB Financial Group's 4.55% uplift, Samsung Electronics' 3.88% boost, and Kakao's 3.85% climb. Conversely, notable decliners included Hyundai-Rotem, which fell by 5.37%, Hanwha Aerospace with a 2.5% drop, and Naver Corp slipping by 1.72%.