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Indonesia equities jumped more than 1% to outperform a subdued emerging Asia on Tuesday as investors bought into low prices after sharp losses last week. The Jakarta Composite Index rose as much as 1.4% to hit 6,203.704.
Stocks in Indonesia jumped more than 1% to outperform a subdued emerging Asia, as investors took advantage of low prices following sharp losses last week. Philippine stocks declined as much as 1% as annual inflation accelerated to 7.2% in September.
Indonesian equities rose over 1% on Tuesday, extending their rebound and outperforming regional markets, while losses in South Korea and Taiwan weighed on the broader emerging Asia equity index. The Jakarta Composite Index rose as much as 1.2% to 6,193.543, extending its rebound into a third consecutive session.
The benchmark KOSPI rose 0.46% to close at 7,004 on Friday, extending gains from the previous session as bargain hunting lifted major technology stocks. Strong results from Micron and an upbeat memory outlook provided a positive read-through for Korean chipmakers. SK hynix edged up 0.44%, while other gainers included L
() -- South Korean shares closed sharply higher on Friday as investors took to bargain-hunting after Thursday's 8% plunge in the country's primary index. Major market bigwigs Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and LG Energy Solution (KRX:373220) added 8%, 11%, and over 2%, respectively, at market