Precise Investors Editorial Team
KOSPI jumped more than 2 per cent to an all-time high of 6,361.17 points, buoyed by optimism around artificial intelligence-linked chipmakers
Asian stock markets were mixed on Tuesday, with South Korean shares hitting record highs on chipmaker gains, while broader sentiment remained cautious as investors tracked developments around a fragile Iran-U.S. ceasefire.
KOSPI jumped more than 2 per cent to an all-time high of 6,361.17 points, buoyed by optimism around artificial intelligence-linked chipmakers.
SK Hynix surged to new record levels on Tuesday, extending its rally after announcing plans to begin production of advanced memory modules for next-generation AI chips.
Japanese stocks were also underpinned by technology stocks.
The Nikkei 225 gained 1.3 per cent, while the broader TOPIX index edged 0.3 per cent higher.
Oil prices remained largely elevated after tensions between Tehran and Washington intensified, following the reported seizure of an Iranian vessel and concerns over potential disruptions in the Strait of Hormuz, a critical oil route.
Investors were also closely watching diplomatic efforts in Islamabad, where talks aimed at de-escalating the war have produced mixed signals.
While some reports suggested Iran could participate, others indicated reluctance, underscoring uncertainty ahead of the ceasefire deadline on Tuesday.
Shanghai Composite index and the Shanghai Shenzhen CSI 300 edged 0.3 per cent lower each. Hang Seng index traded largely unchanged.
Straits Times Index ticked up 0.3 per cent, while S&P/ASX 200 slipped 0.2 per cent.
In related news, U.S. stock futures edged higher in Asian trading on Tuesday after U.S. stock benchmarks closed marginally lower overnight.
U.S. stock market posted solid gains last week, supported by resilient corporate earnings and continued momentum in AI-linked shares.
However, gains were capped by renewed geopolitical uncertainty.
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