Chip stocks led a sharp rebound across Asia on Tuesday morning after a strong night on Wall Street, with Seoul’s gains big enough to trip the exchange’s program-trading brake.
MoneyTurkey Foreign Markets Desk | 10 November 2026
Key points
- The KOSPI was up 4.45% at 5,242.11 around 10:15 Seoul time, against Monday’s close of 5,018.85.
- The Korea Exchange activated a buy-side sidecar at 9:06 a.m., pausing program buy orders for five minutes; MoneyToday counts it as the KOSPI’s 28th buy sidecar this year.
- The Nikkei 225 was up 2.55% at 60,273.15, with SoftBank Group up about 11%.
Why Asia is rallying
Wall Street rose strongly on Monday on hopes for talks to end the US-Iran war and on lower oil prices. The Nasdaq Composite gained 2.74% and the S&P 500 2.35%, while the Philadelphia Semiconductor Index jumped 6.85%, according to Yonhap and Zaikei. Nvidia fell on Monday despite the wider chip rebound.
Seoul
The KOSPI opened 4.55% higher at 5,247.22, Yonhap reported, and held near that level. SK Hynix rose 7.0% to ₩1,215,000 (about $904), and Samsung Electronics rose 5.0% to ₩199,400 (about $148). The Kosdaq also triggered a buy-side sidecar at 9:10 a.m.
Tokyo
The Nikkei 225 opened at 59,372.28, up 596.78 points, and extended gains to 60,273.15. SoftBank Group rose 11.1% to ¥3,776 (about $23.90), Tokyo Electron rose 5.3% to ¥8,940 (about $56.58), and Mitsubishi UFJ rose 3.9% to ¥3,497 (about $22.13).
Data released before the open showed Japan’s real household spending fell 6.8% in September from a year earlier, far weaker than the 3.1% drop economists expected, according to a QUICK survey cited by Zaikei.
Australia and New Zealand
The S&P/ASX 200 rose 1.03% to 9,122.9 in Sydney, and the NZX 50 was up about 1.0% at 14,115.11 in Wellington. Hong Kong and mainland China had yet to open.
Currencies
The won strengthened to 1,344.47 per dollar from 1,362.70 on Monday. The dollar bought 158.02 yen, 32.77 Taiwan dollars and 6.6685 offshore yuan. The Australian dollar was at 0.6924 US dollars and the New Zealand dollar at 0.5634.
What to watch
- Whether Hong Kong and Shanghai join the rebound after their open
- Whether Seoul holds its gains after the sidecar pause
- How Japanese consumer stocks digest the weak September spending data
For information only. Not investment advice.
Sources
- Yahoo Finance market data (index, stock and currency quotes, about 01:15 London time): finance.yahoo.com
- Yonhap News Agency: Seoul shares open sharply higher on U.S. tech rally, falling oil prices
- MoneyToday: Buy-sidecar triggered as US chip rally lifts KOSPI and KOSDAQ
- Zaikei Shimbun (Japanese): Nikkei opening report, 10 November
