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KOSPI and Nikkei surge on oil price retreat

1 reports1 sources10/21/2026 updated

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Korea's KOSPI and Japan's Nikkei rose sharply on Wednesday morning, with KOSPI jumping 3.54% and Nikkei gaining 1.43%, driven by a retreat in oil prices that eased pressure on semiconductor stocks. However, oil prices remain above 100 dollars, and KOSPI is down 17.14% over the past month according to TradingView.

Written with AI from the reporting · updated 10/21/2026

Latest developmentOct 21, 10:20
KOSPI jumps 3.54% as chip stocks rebound on oil price hopes and AI earnings
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  1. 1Unclassified fact stationOct 21, 00:00recorded Oct 21, 10:41single source

    KOSPI jumps 3.54% and Nikkei gains 1.43% on easing oil price

    Read original source ↗ BeInCryptoReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    KOSPI and Nikkei
    Action：
    jumped and gained
    Object：
    stock indices
    Occurred (fact side)：
    Oct 21, 00:00
    BeInCrypto ↗Report pageOriginal / first version
    Published (valid side)：
    Oct 21, 10:20
    First seen (known side)：
    Oct 21, 10:41
    Fact stationSingle source · one-sided claim

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Oct 21
  1. BeInCryptoRelated fact: single source
    KOSPI jumps 3.54% as chip stocks rebound on oil price hopes and AI earnings

    Report first recorded Oct 21, 10:41

    The Korea Composite Stock Price Index (KOSPI) jumped 3.54% and Japan's Nikkei 225 gained 1.43% on Wednesday morning, led by chip stocks. Oil prices fell on hopes of US-Iran talks, which steadied long-term interest rates and attracted dip buyers. However, oil is only part of the rebound, as Super Micro Computer surged after an earnings surprise, and technical buying followed Tuesday's KOSPI plunge of over 3%.

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