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Asian markets surge as European stocks show mixed performance

Published 10/11/2023, 10:27 AM
Updated 10/11/2023, 01:20 PM
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The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board, while European markets had a mixed day. While South Korea’s bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.

South Korea took the lead on Wednesday among Asia-Pacific stocks, aided by a surge in its tech stocks. South Korea’s Composite Stock Price Index, or Kospi, closed the day with a 1.98% gain at 2,450.08 points, hitting a two-week high, while chip giant Samsung Electronics (KS:005930) jumped 2.71%.

Nikkei 225 index daily price chart. Source: Investing.com
Hang Seng Index daily price chart. Source: Investing.com

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