ASIA MARKET CLOSE | KOSPI Rebounds 2.24% as Chipmakers Gain, Hang Seng Tech Rises 2.25%; Nikkei and TAIEX Slip

According to RTHK, The Korea Herald and UDN Money, Japan's Nikkei 225 fell 208.25 points, or 0.33%, to close at 63,081.86 on the first trading day of November, extending its decline. Chip-related shares diverged: Tokyo Electron rose 5.16% and Advantest added 2.61%, while Kioxia fell 15.78% and Screen Holdings dropped 18.96%. Kioxia alone dragged the Nikkei down by about 150 points, while Tokyo Electron lifted it by about 248 points. Seoul's KOSPI rose 128.34 points, or 2.24%, to close at 5,859.08 after climbing as high as 5,910.83, following a fall of more than 3% on Friday. Samsung Electronics gained 1.78% to 229,000 won, SK hynix advanced 3.81% to 1,472,000 won and Hanwha Ocean jumped 9.8% to 54,900 won. Foreign and retail investors were net sellers of a combined 1.72 trillion won, while institutions bought a net 1.23 trillion won. Daishin Securities analyst Lee Kyoung-min said the KOSPI rebounded as investors reassessed Intel's disappointing quarterly results and turned their attention to the solid fundamentals of the local semiconductor sector. Hong Kong's Hang Seng Index rose 98.90 points, or 0.42%, to close at 23,393.32 on main-board turnover of HK$204.84 billion, while the Hang Seng Tech Index gained 84.51 points, or 2.25%, to 3,839.41. Xiaomi rose 6.12% to HK$28.10, the best performer among Hang Seng constituents; Tencent added 2.19%, Alibaba gained 2.47% and CATL rose 6.08%. Chinese bank shares retreated after earnings, with BOC Hong Kong falling 5.70%, the biggest decliner among blue chips. Taiwan's TAIEX fell 291.69 points, or 0.65%, to close at 44,920.14, its third straight daily decline, on turnover of NT$758.8 billion, after touching an intraday low of 44,399.1. TSMC fell NT$40, or 1.69%, to NT$2,330, while MediaTek rose 1.40% and Hon Hai gained 2.24%, together contributing nearly 50 points to the index. In mainland China, the Shanghai Composite Index rose 39 points, or 1.08%, to close at 3,638, the Shenzhen Component Index gained 176 points, or 1.63%, to 11,010, and the ChiNext Index added 1.87% to 2,458. Combined turnover on the Shanghai and Shenzhen exchanges was 1.78 trillion yuan.