Asian equity markets traded mixed on Thursday, caught between macro anxiety over escalating Middle East tensions and a sharp rebound in technology shares. The benchmark KOSPI rose more than 2% to around 7,420, spearheaded by a 7% jump in SK hynix following reports that its U.K./U.S. ADR offering was oversubscribed sevenfold. Japan's Nikkei 225 rose 1.09% to above 68,000, while the broader Topix Index gained 0.4% to 4,022. China's Shanghai Composite fell 0.03% to 3,978, while the Shenzhen Component gained 0.5% to 15,020. Hong Kong's Hang Seng Index fell 1.36% to 24,302, pausing after a recent rally. India's SENSEX rose 0.84% to 77,051 at the open, recovering some ground after posting its sharpest single-session decline in three months a day earlier. Australia's ASX 200 fell 0.51% to 8,711 in early deals, sliding for the fourth straight session. In commodities, crude oil advanced for a third consecutive session to trade above $74 per barrel, while gold hovered below $4,100 an ounce.
SK Hynix IncSK hynix's ADR offering was oversubscribed sevenfold, indicating strong investor demand for the capital raise.