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Asia Flourishes, Led by Japanese, Korean Stocks

South Korea’s Kospi index rose nearly 3% to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix.

In Japan, the Nikkei 225 regained 385.88 points, or 0.9%, to 44,936.73.

In Hong Kong, the Hang Seng index returned to trading with a gain of 431.56 points, or 1.6%, to 27,287.12.

Shares of Zijin Gold skyrocketed over 14% to end at 137.5 Hong Kong dollars, building on gains for two consecutive days since its trading debut Tuesday.

In South Korea, shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose 3.49% and 9.86%, respectively.

South Korea’s consumer price index climbed 2.1% year on year in September, more than the 2% rise expected by economists in a Reuters poll.

The latest reading compares with the 1.7% growth in August.

In other markets

Markets in China remained closed for holiday.

In Taiwan, the Taiex index jumped 395.48 points, or 1.5%, to 26,378.39

In Korea, the Kospi added 93.98 points, or 2.7%, to 3,549.21

In Singapore, the Straits Times Index gained 72.09 points, or 1.7%, to 4,395.21

In New Zealand, the NZX 50 picked up 17.77 points, or 0.1%, to 13,451.76.

In Australia, the ASX 200 moved forward 100.28 points, or 1.1%, to 8,945.94