Asian shares are mixed, with Kospi up 3% after US stocks rally on strong earnings
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Asian shares were mixed on Wednesday, with Japan and South Korean technology stocks advancing following a broad rally on Wall Street.
The Kospi in Seoul gained more than 4% early on and by midday was trading up 3.4% at 5,733.82.
[10/21 US Stock Morning Weather] 10/20 (Tue) ⛅ → 10/21 (Wed) ⛅? | Why defense and factory stocks were bought on a day when tech stocks stalled
Today’s Summary
On Tuesday, 10/20, the Dow and small-cap stocks rose, fueled by lower oil prices and strong earnings, while tech stocks stalled. However, trading volume was thin, and despite many people being fearful, price movements were calm, so there is no need to panic. For Wednesday, 10/21, I want to calmly watch whether the S&P 500 can reclaim the 25-day moving average around 7,720.
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