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Up more than 4%! The Japanese stock market opens sharply higher
【Dahhe Financial Cube News】On March 5, Japan’s stock market opened sharply higher. As of the time of writing, the Nikkei 225 index’s gain had expanded to 4.33%, with the latest reading at 56,595.71 points.
Yesterday, the stock markets of Japan and South Korea closed sharply lower. The Nikkei 225 index fell by 3.61%; South Korea’s KOSPI index fell by 12.06%, setting the largest single-day decline in history.
However, today South Korea’s stock market opened significantly higher. South Korea’s KOSPI index surged 10% in the early trading session, and by the time of writing the index’s gain had expanded to 11%. Subsequently, South Korea temporarily paused programmatic trading on the KOSPI and KOSDAQ markets.
On the news front, according to Cailian Press, Lee Euyuan, Chairman of the Financial Services Commission of South Korea, instructed the relevant departments to closely monitor market developments. If excessive market volatility occurs, they should actively launch the currently operating market stabilization plan with 100 trillion Korean won, which is about 5300 billion RMB.
Editor: Li Wenyu | Reviewed by: Li Zhen | Supervised by: Guzheng