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Up over 4%! Japanese stock market opens sharply higher
【Dahai Financial Cube News】On March 5th, the Japanese stock market opened sharply higher, with the Nikkei 225 index rising by 4.33% at the time of reporting, reaching 56,595.71 points.
Yesterday, the stock markets in Japan and South Korea declined significantly, with the Nikkei 225 falling by 3.61%; the KOSPI index in South Korea dropped by 12.06%, marking the largest single-day decline ever.
However, the South Korean stock market opened sharply higher today, with the KOSPI index surging by 10% in early trading, and the gain expanding to 11% at the time of reporting. Subsequently, South Korea temporarily paused algorithmic trading on the KOSPI and KOSDAQ markets.
On the news front, according to Cailian Press, Korea Financial Services Commission Chairman Lee Euy-won instructed relevant departments to closely monitor market trends. If excessive market volatility occurs, they should actively activate the current market stabilization plan, which involves 100 trillion Korean won (approximately 530 billion RMB).
Editor: Li Wenyu | Reviewer: Li Zhen | Supervisor: Guzheng