KOSPI and TAIEX higher on chip rally, other markets mixed

SEOUL, October 14 (AJP) - South Korean shares stayed resilient on Tuesday morning despite renewed U.S.-China tensions led by chip winners, while most other Asian markets traded mixed.

The benchmark Kospi held on to a gain of around 1 percent after hitting a new all-time high of 3,637.45, buoyed by Samsung Electronics’ record-breaking third-quarter earnings guidance. The Kosdaq added 0.3 percent to 863.33.

In Japan, the Nikkei 225 dropped 1.4 percent to 47,431.83 on concerns over the trade front. China’s Shanghai Composite Index inched down to 3,889.50, and Hong Kong’s Hang Seng Index was little changed.

Meanwhile, Taiwan’s TAIEX climbed 1.6 percent to 27,355.97 as Samsung’s upbeat earnings lifted sentiment for chipmakers across the region.

Jung-woo Lee cannes2030@ajunews.com