{"id":60189,"date":"2025-05-28T08:32:31","date_gmt":"2025-05-28T08:32:31","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/28\/asian-shares-mostly-lower-kospi-rallies-led-by-tech-stocks\/"},"modified":"2025-05-28T08:32:31","modified_gmt":"2025-05-28T08:32:31","slug":"asian-shares-mostly-lower-kospi-rallies-led-by-tech-stocks","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/28\/asian-shares-mostly-lower-kospi-rallies-led-by-tech-stocks\/","title":{"rendered":"Asian Shares Mostly Lower; Kospi Rallies Led By Tech Stocks"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n

Asian stocks ended on a cautious note Wednesday despite a strong rally on Wall Street overnight driven by improved U.S. consumer confidence data and a global bond surge. <\/p>\n

As trade tensions ease, investors awaited cues from Nvidia’s earnings and the release of minutes from the Federal Reserve May meeting.<\/p>\n

The dollar held gains and gold ticked higher to trade above $3,310 per ounce ahead of key U.S. PCE inflation reading due this week. <\/p>\n

Oil inched up on Venezuelan supply risks and ahead of on OPEC+ meeting, expected to decide on increasing output. <\/p>\n

China’s Shanghai Composite index finished marginally lower at 3,339.93 after a large explosion at a chemical plant in eastern China. <\/p>\n

Hong Kong’s Hang Seng index dipped 0.53 percent to 23,258.31 despite Xiaomi Corp. reporting better-than-expected revenue in the March quarter.<\/p>\n

Japanese shares ended little changed and the yen wobbled in volatile trading as a weak government bond auction sparked a sell-off in the country’s bond market. Tech stocks ended mostly higher ahead of Nvidia’s earnings, with Advantest rising 1.6 percent. <\/p>\n

Nippon Steel Corp fell 1.5 percent. The company is considering handing a “golden share” to the U.S. government as a way to proceed with its acquisition of U.S. Steel, the Nikkei reported.<\/p>\n

Seoul stocks ended sharply higher, led by technology<\/span> stocks, The Kospi average climbed 1.25 percent to 2,670.15 as global trade tensions eased and a survey showed business<\/span> sentiment in the country improved to a 10-month high in May. Samsung Electronics soared 3.7 percent and SK Hynix surged 2.7 percent. <\/p>\n

Australian markets<\/span> ended slightly lower after the release of stronger-than-expected inflation data for April. The benchmark S&P\/ASX 200 dipped 0.13 percent to 8,396.90, dragged down by banks and miners. The broader All Ordinaries index ended little changed at 8,624.90. <\/p>\n

Across the Tasman, New Zealand’s S&P\/NZX-50 index tumbled 1.75 percent to 12,362.26, hitting its lowest level in over three weeks as the country’s central bank cut its benchmark rate by 25 basis points and flagged a slightly deeper easing cycle than previously forecast, highlighting concerns about the growth outlook. <\/p>\n

Overnight, U.S. stocks rose sharply as President Trump agreed to delay a threatened 50 percent tariffs on imports from the European Union and data showed U.S. consumer confidence rebounded sharply in May after a prolonged decline. <\/p>\n

The Dow jumped 1.8 percent and the S&P 500 rallied 2.1 percent to snap four-day losing streaks, while the tech-heavy Nasdaq Composite soared 2.5 percent. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n