Asian markets surge as European stocks show mixed performance

South Koreas Kospi closed the day with a 1.98% gain at 2,450.08 points hitting a two-week high while chip giant Samsung Electronics leapt 2.71%. Source: Investing.comMainland Chinese markets ended up greater, with the benchmark CSI 300 index rising 0.28% to 3,667.55 points.European stocks show combined returnsEuropean equities fell on Wednesday, with high-end corporation LVMH dragging the sector lower on disappointing sales, while Novo Nordisk surged after a favourable update on its diabetes treatment Ozempic.The pan-European stock index STOXX 600 rose 0.1% to a one-week high while the majority of local markets were neutral. Frances blue-chip index FCHI underperformed most others registering a decline of 0.6% on day-to-day charts.LVMH fell 6.6% to a 10-month low after reporting a 9% boost in third-quarter profits, showing slower development as a huge wave of post-pandemic spending relieves.