The Chipmakers' Rise in Tokyo and Seoul Holds Lessons for the Global Economy Asian markets experienced a mixed performance on Monday, with Tokyo and Seoul leading gains due to buying of computer chipmaker stocks.
While the Nikkei 225 added 1. 7% and South Korea's Kospi jumped 3. 3%, Hong Kong's Hang Seng lost 1. 1% and the Shanghai Composite shed 0. 2%.
The disparity in market performance is attributed to the resurgence of chipmakers in Tokyo and Seoul. Shares in Samsung Electronics rose 4. 5%, while memory chipmaker SK Hynix surged 6. 2%.