Asian stocks are steady, with the KOSPI index hitting a record high

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According to PANews reports, the Asian stock markets showed an overall upward trend on January 5th. Major indices in Japan and South Korea both rose significantly, with the KOSPI index especially reaching a historic high, reflecting increased investor buying enthusiasm. This upward phase is supported by strong performance across various industry sectors.

Japan Market: Semiconductor Sector Leads the Charge

The Nikkei Stock Average rose by 1,493.32 points on January 5th, closing at 51,832.80, a gain of 2.97%. The main drivers of this rise are semiconductor-related stocks and the heavy industry sector. Active investment in technology and manufacturing industries has significantly contributed to the overall index boost.

KOSPI Index Hits New High, Defense-Related Stocks Surge

South Korea’s KOSPI index showed a more pronounced increase, closing at 4,457.52, up 147.89 points (3.43%). This level marks a record high, symbolizing the strong performance of the South Korean market. Leading the gains were semiconductor and defense-related stocks. The geopolitical tensions in the Asian region are also believed to be a factor, accelerating capital inflows into the defense industry.

Samsung Electronics Rises Sharply, Attention Grows

South Korea’s comprehensive electronics manufacturer Samsung Electronics recorded a 7.47% increase. This rise is the largest daily gain since March 24, 2020. As a key stock driving the overall KOSPI index upward, its movement has a significant impact on the market’s overall direction.

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