Chip rally lifts Kospi above 3% as oil spikes on Hormuz strikes
Asian stocks rose on Monday, tracking Wall Street, with the chip-led rally lifting KOSPI over 3%. Investor sentiment was tempered by renewed U.S.-Iran hostilities and oil jumping on Hormuz tanker strikes.
Asian equities rose on Monday, September 7, following gains on Wall Street late last week, even as new hostilities between the United States and Iran added to investor caution. The broad regional advance lifted major benchmarks, although sentiment in India pointed toward a softer open.