Asia closes mixed with chips rally in Seoul and Hybe falls before earnings

Stock markets in Asia closed mixed on Monday (2), with Seoul on top of the gains. According to InfoMoney, the Kospi, from South Korea, rose 2.2% and reached 5,859.08 points, while other trading sessions in the region did not follow the same pace.

South Korean strength came from chipmakers. According to InfoMoney, Samsung Electronics advanced 1.78% and SK Hynix rose 3.8%. Times Brasil summarized the movement by saying that the increase was driven by semiconductor manufacturers.

The backdrop, according to InfoMoney, was the perception of stabilization on Wall Street after a week in which investors reduced exposure to technology stocks. As South Korea has a relevant weight in this sector, the mood of the American markets usually reaches Asian trading sessions through this channel.

In oil, the commodity fell with diplomatic efforts to resolve the war in the Middle East, according to InfoMoney. Times Brasil also associated the fall with initiatives to end the conflict.

The negative highlight was Hybe, the company responsible for the K-pop group BTS. According to InfoMoney, the stock fell with the balance sheet on the radar. Times Brasil recorded a drop of 1.3% before the result was released, which shows that the market reacted before the official number.

What changes for the investor

The day's picture has divergent signs: Asian technology gained ground, oil retreated and an entertainment company lost strength before the balance sheet. For those who follow the Nasdaq, it is worth observing whether the improvement seen on Wall Street is sustained in the coming sessions and how Hybe reacts to the result, without taking a single trading day as a trend. This article does not provide a purchase or sale recommendation or price forecast.

Automatically translated from Portuguese.