SEOUL, January 05 (AJP) - Asian equity markets rallied in a synchronized surge on Monday as investor focus shifted to major technology players ahead of the Consumer Electronics Show (CES) 2026 in Las Vegas. Benchmarks in Seoul and Taipei led the advance, with both markets scaling fresh record highs.
South Korea’s benchmark KOSPI jumped 3.43 percent to close at 4,457.52, marking its sharpest daily gain this year and pushing the index to the doorstep of the 4,500 level after surpassing its previous all-time high. Foreign investors drove the rally with net purchases of 2.17 trillion won (about $1.5 billion), while retail and institutional investors booked profits, selling 1.5 trillion won and 703 billion won, respectively.
Despite a firmer U.S. dollar amid geopolitical tensions — including a U.S. military operation in Venezuela — the won–dollar exchange rate held nearly flat at 1,446.8 as of 5 p.m. The stability was widely attributed to heavy foreign inflows into Korean tech stocks and continued vigilance by foreign-exchange authorities.
Tech leads the charge
Blue-chip technology names powered the rally. Samsung Electronics, a flagship CES participant, surged 7.47 percent to a record 138,100 won. Sentiment was buoyed by upbeat brokerage views, with Sangsangin Investment & Securities lifting its 2026 target price to 150,000 won. At CES, Samsung is set to unveil its “Affectionate Intelligence” concept for integrated home appliances.
SK hynix, the global leader in high-bandwidth memory (HBM), rose 2.81 percent to a new peak of 696,000 won as it prepares to highlight its role as a “full-stack memory provider.” Optimism spilled over to supply-chain plays, with Hanmi Semiconductor surging 15.8 percent in regular trading before leaping another 23 percent to 178,000 won in after-hours Nextrade (NXT) trading.
Energy, utilities and refiners rally
Energy and utility stocks also logged outsized gains. Doosan Enerbility soared 10.64 percent to 83,200 won, tracking last week’s rally in U.S. small modular reactor (SMR) names. Korea Electric Power Corporation climbed 7.2 percent to 49,850 won.
Manufacturers tied to transformers and high-voltage equipment advanced sharply, with Iljin Electric up 7.23 percent, HD Hyundai Electric gaining 6 percent, and Hyosung Heavy Industries rising 3.7 percent.
Refiners joined the rally on expectations of improving margins and reduced Middle East dependence as Washington signaled a push to boost oil production in Venezuela. S-Oil gained 5.35 percent, while SK Innovation added 2.8 percent. Hyundai Motor Company and LG Energy Solution rose 2 percent and 2.9 percent, respectively, as both companies look to showcase new initiatives at CES.
The tech-heavy KOSDAQ advanced a more modest 1.26 percent to 957.50, led by aerospace names. Innospace jumped 14.7 percent to 15,570 won, rebounding from earlier launch setbacks, while Nara Space Technology surged 10.1 percent to 31,050 won.
Regional markets ride the CES wave
Japan’s Nikkei 225 rallied 2.97 percent to 51,832.80, fueled by a broad semiconductor upswing. Chip-testing specialist Advantest climbed 7.84 percent to 21,175 yen, while Tokyo Electron, Disco and Ibiden gained between 6 percent and 8 percent. Toyota Motor Corporation added 1.28 percent.
Taiwan’s TAIEX rose 2.57 percent to 30,105.54, extending gains ahead of CES. TSMC jumped 5.36 percent to a record 1,670 Taiwan dollars, cementing its position as the world’s sixth-largest company by market capitalization. MediaTek and Foxconn rose 3.74 percent and 1.08 percent, respectively.
On the mainland, China’s Shanghai Composite gained 1.38 percent and the Shenzhen Component climbed 2.24 percent as CES-driven tech optimism lifted sentiment. Hong Kong’s Hang Seng Index, however, ended flat at 26,326.84, with lingering geopolitical uncertainty prompting a more cautious stance among some foreign investors.
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