Asian shares are mixed as chipmaker shares rally in Tokyo and Seoul
Summary
Asian stock markets showed mixed results on Monday, with Tokyo and Seoul rising due to strong gains in computer chip companies. Energy prices increased following tensions in the Persian Gulf involving the U.S. and Iran, while U.S. markets were closed for Labor Day.Key Facts
- Japan’s Nikkei 225 index rose 1.7% to 66,104.93.
- South Korea’s Kospi index jumped 3.3% to 6,907.53.
- Samsung Electronics shares increased 4.5%; SK Hynix shares rose 6.2%.
- Hong Kong’s Hang Seng index fell 1.1%, and Shanghai’s composite dropped 0.2%.
- Brent crude oil price went up by 67 cents to $96.95 a barrel amid Gulf region tensions.
- The U.S. military denied Iran’s claim of striking an uncrewed U.S. ship in the Strait of Hormuz.
- Iran plans to declare an exclusion zone near the Strait of Hormuz after U.S. strikes on Iranian tankers.
- U.S. stock markets were closed for Labor Day after weaker performance last week and signs that interest rates may rise.
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