Asia-Pacific Markets "Take Off": Korean Stocks Rise Nearly 5% Triggering Circuit Breaker!
A-shares Break Through 4,200 Points, ChiNext Index Continues to Hit Near 11-Year High

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Investing.com - On Monday, May 11th, the Asia-Pacific markets surged strongly, with the technology chip sector becoming the brightest main theme in the entire market.

Korean Market: During trading, the market hit a circuit breaker, and the AI hardware supply chain experienced a full-scale breakout. The Korea KOSPI Index** temporarily soared nearly 5%, reaching a new all-time high; KOSPI 200 futures rose 5%, triggering a circuit breaker, and automated trading paused for 5 minutes. Memory chip giant SK Hynix led the rally, soaring over 12% during the session, while Samsung Electronics rose nearly 7%, both hitting new all-time high prices.

Japanese Market: The Nikkei 225 hit a new all-time high during trading. The Nikkei 225 Index** once rose over 1%, breaking through 63,000 points during the session, again reaching a new historical high.

Hong Kong Stock Tech Sector: Valuation discounts are concentrated and being repaired, with southbound funds continuously deploying. The Hang Seng Tech Index rose nearly 5% last week, strongly reclaiming the 5,100-point mark. Southbound funds have maintained a net inflow for 34 consecutive months, with a net inflow of HKD 10 billion last Friday.

A-share Market: The Shanghai Composite Index** strongly broke through 4,200 points, reaching a new high since August 2015. The ChiNext Index (price) surged past 3,900 points, a new high since June 16, 2015. The STAR Market 50 Index broke above the high of July 2020, with over 100 stocks in the market hitting their ceiling.

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