Asia-Pacific Stocks Surge Significantly as Risk Appetite Recovers

BlockBeats News, February 3rd, as the global market stabilizes and concerns about AI spending ease, market risk appetite saw a widespread recovery on Tuesday. The Japanese and South Korean stock markets rebounded significantly from yesterday, with the South Korean KOSPI index closing up 6.84%, marking the largest single-day gain since March 24, 2020, at 5288.08 points.

Major chip manufacturers Samsung Electronics and SK Hynix were the biggest contributors. Samsung's stock price saw an intraday increase of up to 10%, marking its largest single-day gain since March 2020. The Nikkei 225 index rose by 3.92% to close at 54720.66 points, hitting a new all-time high. The Taiwan Weighted Index rose by 1.81% to close at 32195.36 points. (FXStreet)