South Korean equities surge at open while US index futures gain, signaling risk-on sentiment ahead of the new session.
South Korea’s Kospi index climbed more than 5% at the open, reflecting broad market optimism. US equity index futures also traded higher on the Globex reopening, extending gains into the new session.
The move follows a mixed global backdrop, with investors weighing Fed stress test results and corporate earnings. Micron Technology (MU) surged 15% after reporting record revenue, driven by AI demand and expectations of a prolonged chip shortage.
Fed stress tests revealed US banks could absorb $708 billion in losses during a severe downturn, though capital rules may tighten. The NY Fed clarified that recent FOMC language on reserves was procedural, not a policy shift.