Market Overview - The overnight rebound in US tech stocks has positively influenced Asian markets, with the Nikkei 225 index initially rising over 2% before narrowing its gains [1] - The KOSPI index in South Korea opened high, reaching a peak increase of 2.7% before turning negative, led by SK Hynix, Samsung Electronics, and LG Energy [2] - A-shares opened higher, with the ChiNext index gaining over 1%, and over 2200 stocks in the Shanghai, Shenzhen, and Beijing markets rising [2] Stock Performance - In Hong Kong, the Hang Seng Index opened positively, but newly listed companies Xiaoma Zhixing and Wenyuan Zhixing both fell over 12%, while Yunsen Electronics dropped over 4% [2] - The KOSPI index has seen a remarkable increase of 72% year-to-date, significantly outperforming the MSCI emerging markets index, which rose by 31% [4] - The total market capitalization of the South Korean stock market surged to 3500 trillion KRW, reflecting a year-on-year growth of 48% [4] MSCI Index Adjustments - MSCI announced its index review results, adding 69 stocks and removing 64, with 26 Chinese stocks being newly included in the MSCI China Index [3] - The adjustments will take effect after the market closes on November 24 [3] Investor Sentiment - Recent warnings from Wall Street executives regarding high valuations have dampened investor enthusiasm, leading to potential volatility in the South Korean market [5] - Despite the high valuations in the AI sector, there remains support from anticipated Federal Reserve rate cuts and corporate earnings [5]
港股小马智行、文远知行跌超12%,A股高开,日韩股市冲高回落