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FinanceAsian stocks extend gains on tech rally, yen strengthens
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Asian stock markets extended gains on Friday, July 10, 2026, driven by a 4.6% rally in South Korea's Kospi index. The MSCI Asia Pacific Index climbed 1.3% but remained on track for a weekly loss. Technology stocks led the advance, with SK Hynix rising 2.5% in Seoul after successfully raising US$26.5 billion in its American Depositary Receipts (ADR) share offering. The Japanese yen strengthened against major currencies, adding to the mixed regional performance. The gains were broad-based across Asian markets, though the weekly outlook remained negative due to earlier losses in the week.
Source report
Driven by a 4.6% rally in South Korea's Kospi, the MSCI Asia Pacific Index climbed 1.3% but remains on track for a weekly loss.
Published: Fri, Jul 10, 2026 · 09:39 AM — Updated Fri, Jul 10, 2026 · 01:09 PM
Market Highlights
- MSCI Asia Pacific Index: +1.3% (but heading for a weekly decline)
- South Korea's Kospi: +4.6%, leading regional gains
- Japanese Yen: Strengthened against major currencies
Key Developments
- SK Hynix rose 2.5% in Seoul after raising US$26.5 billion in its American Depositary Receipts (ADR) share offering.
Source: The Business Times
Source
The Business TimesRegional
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