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Among the constituent stocks, Bloom Energy closed up by 15.41%, with SanDisk, Astera Labs, Corning Incorporated, and Super Micro Computer following with gains ranging from 11.54% to 10.37%. Microsoft recorded the smallest increase at 0.13%. Tianhong Shares fell by 2.06%, ranking as the third largest decliner, while Lumentum dropped by 2.30% and Dell Technologies fell by 2.34%.

In South Korea, MSCI stated that despite authorities continuing to push for a reform agenda, fundamental market access issues remain unresolved. The index provider downgraded the capital mobility ratings for Indonesia and Turkey, reflecting persistent market concerns about the transparency of their freely tradable shares and the mechanisms for fair price formation. MSCI also noted that Turkey’s frequent rule changes and imposition of restrictions are not desirable characteristics. Read more

Due to the strengthening of the US dollar and a rise in global risk aversion—along with multiple external factors—emerging market currencies have recently faced considerable selling pressure. The recent decline in this index further reflects the increased volatility in the exchange rates of some emerging economies.