Korea’s major growth stocks, such as Wa, are showing a strong upward trend due to the surge in the Nasdaq last night.
As of 9:15 am on the 11th, Naver is trading at 191,000 winners, up 15,000 winners (8.52%) from the previous day. It is the first time in a month since last month’s 4th (midday high of 192,000 winners) that Naver has broken the intraday threshold of 190,000 winners. At the same time, Kakao grew by 8.27%.
The sharp rise in Naver and Kakao on this day is interpreted as the result of the surge in the Nasdaq index last night. On 10 (local time), the New York Stock Exchange skyrocketed. The US consumer price index (CPI) rose in October, below expected. Expectations that the pace of US central bank (Fed) interest rate hikes will ease due to slowing inflation indicators pushed the index higher. In particular, the Nasdaq index, which focuses on technology stocks sensitive to interest rate hikes, jumped sharply. The Nasdaq was up 7.35% from the previous day.
Shin Hyun-ah, Hankyung.com reporter [email protected]
