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2026-05-29 12:52:58 Hopes for an end to the US-Iran conflict and an unexpected easing in US core inflation for April lifted the three major US indices overnight (28th), all closing at record highs. Major Asia-Pacific markets broadly advanced this morning, with South Korean, Japanese and Taiwanese equities nearing historical peaks, while regional semiconductor and advanced electronics equipment shares rallied. Mainland China's Shanghai and Shenzhen markets were softer at midday. The Shanghai Composite Index closed down 15 points, or nearly 0.4%, at 4,083 points; the Shenzhen Component Index fell 157 points, or 1%, to 15,704 points. Hong Kong stocks rebounded by 275 points, or 1.1%, to 25,281 points at midday, with turnover of HKD194.118 billion. Taiwan's market surged 1,283 points, or 2.9%, to 44,919 points, close to a record high. TSMC once hit a record TWD2,375 and is now up 3.3% at TWD2,370. Hon Hai jumped 9.9%. Chairman Young Liu said that, driven by booming AI demand, capital expenditure by major cloud service providers this year has already exceeded USD700 billion and may reach USD1 trillion next year, expressing confidence in the company's growth momentum. Wiwynn also leapt 9.8%. Delta Electronics rose 4.6%, while MediaTek edged down 0.6%. The Nikkei index reclaimed the 66,000 level, once reaching 66,417, close to a record high, and was last at 66,311, up 1,617 points or 2.5%. Semiconductor and precision equipment shares performed strongly. Chipmaker Sumco skyrocketed 19.7%, while Keyence, Shin-Etsu Chemical, TDK, Kyocera, Taiyo Yuden and Murata Manufacturing climbed between 7.3% and 17.4%. Mitsubishi Motors tumbled 9.8%. SoftBank and memory chipmaker Kioxia each gained more than 4%. South Korea's KOSPI rose 267 points, or nearly 3.3%, to 8,452 points, approaching a record high. Samsung Electronics advanced 5%, while SK Hynix added 1.4%. Hyundai Motor climbed 7.8% to KRW730,000. KB Securities said Hyundai Motor is set to emerge as a global leader in physical AI, maintaining a Buy rating and raising its TP from KRW800,000 to KRW1,200,000. Australia's S&P/ASX 200 and New Zealand's NZX 50 gained about 1.5% and 0.7%, respectively. Indonesia's IDX rose 1.4%, Singapore stocks gained 0.9%, while Thailand's SET 50 and Malaysia's KLCI edged up 0.3% to 0.4%. The Philippines' PSEI fell 0.9%. India's Nifty 50 inched up less than 0.1%, and the BSE Sensex rose 0.3%. Vietnam's Ho Chi Minh Index slipped less than 0.1%, while the Hanoi Index surged 2.6%. (da/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |