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Asian Stocks Recover From Early 4% Losses Amid Democratic Sweep of Congress

Asian Stocks Recover From Early 4% Losses Amid Democratic Sweep of Congress

Photo: TokenPost

Japanese and South Korean stocks rebounded from early losses of as much as 4% Wednesday amid a Democratic sweep of the U.S. Congress, but the benchmarks closed in opposite directions. Both indexes had been down as much as 4% earlier before recovering through the session. The Nikkei 225 finished at 62,188.63, down 893.23 points, or 1.42%. South Korea's KOSPI added 34.88 points, or 0.62%, to close at 5,683.67. SK Hynix closed 0.14% lower after falling as much as 6% intraday. Samsung Electronics ended down 0.68%.

Source: TokenPost

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