Risk appetite recovers, Asia-Pacific stock markets close sharply higher

Odaily According to news, as global markets stabilize and concerns about AI spending ease, market risk appetite broadly recovered on Tuesday. Japanese and South Korean stock markets rebounded sharply compared to yesterday. The South Korean KOSPI index closed up 6.84% at 5,288.08 points. Among them, chipmakers Samsung Electronics and SK Hynix were the biggest contributors. Samsung's stock price surged by up to 10% during the session, marking its largest single-day gain since March 2020. The Nikkei 225 index closed up 3.92% at 54,720.66 points, reaching a new all-time high. The Taiwan Weighted Index closed up 1.81% at 32,195.36 points. (Jin10)