Asia-Pacific markets mostly rose on Monday after a rollercoaster week that saw steep selloffs followed by a sharp recovery, especially in Japan stocks.
Japan markets are closed for holiday.
In Hong Kong, the Hang Seng index advanced 21.42 points, or 0.1%, to 17,111.65.
Australian consumer electronics retail company JB Hi-Fi was up 8.33% after the company released its full-year results.
Despite a fall in net profit after tax, the company announced a special dividend of 80 Australian cents per share (53 U.S. cents per share), made possible by “an elevated net cash position and a significant franking credit balance.”
Major South Korean chipmaker SK Hynix gained 3.21%.
Data from the South Korea’s industry ministry and the Korea International Trade Association released on Sunday showed that in the first half of the year the country’s memory chip exports to Taiwan grew by 225.7% compared to the same period last year, according to a local media report.
Market watchers attribute the sudden surge of exports to SK Hynix’s supply of its high bandwidth memory chips to American AI chip major Nvidia, which uses Taiwan’s TSMC for chip fabrication.
In other markets:
In Shanghai, the CSI 300 declined 5.77 points, or 0.2%, to 3,325.86.
In Taiwan, the Taiex index hiked 304.26 points, or 1.4%, to 21,773.26.
In Singapore, the Straits Times Index faded 26.45 points, or 0.8%, to 3,245.38.
In Korea, the Kospi index recovered 29.87 points, or 1.2%, to 2,618.20.
In New Zealand, the NZX 50 regained 37.79 points, or 0.3%, to 12,281.25.
In Australia, the ASX 200 gained 35.97 points, or 0.5%, to 7,813.67.
