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This is How the Markets in Asia Moved

—– The NIKKEI in Tokyo closed lower in choppy trading. Investors bought shares in tourism companies after reports that the Japanese government will open up to foreign tourists next month. The biggest gainers were Unitika+4.57%, Kawasaki Kisen Kaisha+4.17%, and Keio Corp.+4.06%. Among the biggest losers were DeNA Co-8.56%, Mitsubishi Electric-4.15%, and Advantest Corp-3.63%.

The Nikkei closed at 26,604.84, down 72.96, or -0.27%.

—– The S&P/ASX 200 in Australia closed lower. Leading it were mining stocks, which fell sharply. They included Resolute Mining-6.45%, Nanosonics-5.68%, and Tabcorp Holdings-5.39%. The positive side was led by Appen Ltd+29.22%, ALS+6.08%, and Pointsbet Holdings+5.04%.

The S&P/ASX 200 closed at 7,105.90, down 49.30 or -0.69%.
All Ordinaries closed at 7,339.30 points, down 52.40 points or -0.71%.

—– The SHANGHAI closed higher for the second day in a row. This was due to investors’ expectation that the Chinese government will accelerate stimulus measures to revive companies affected by the lockdown. Gainers included COL Digital Publishing+13.76%, Guandong Sunwill Pre Plastic A+10.14%, and Shandong Binzhou Bohai Piston+10.11%. Losers of the session included Huaxun Fangzhou-53.03%, Easy Visble Supply Chain Management-48.72%, and Chongqing Yuxin Pingrui Electronic-12.34%.

The Shanghai Composite closed at 3,123.11, up 15.64, or +0.50%.

—– The KOSPI closed lower. The Bank of Korea (BOK) raised the key interest rate at its meeting today, but investors remain concerned about the inflation outlook. Losers included Samsung Publis-12.95%, Kumho Electric-9.57%, and Hanchange-8.94%. The upside was led by Shinsung E&G+19.68%, OCI Co+14.88%, and Hyundai Energy+13.07%.

Composite (KOSPI) closed at 2612.45 points, down 4.77 points or -0.18%.

—– The Hang Seng in Hong Kong closed lower. Investors took profits after the market gained more than 100 points yesterday morning after the minutes of the Federal Reserve’s May meeting indicated that all Fed officials were confident in the strength of the U.S. economy. Losers included Sanxun Holdings Group-35.76%, DaFa Properties Group-35.11%, and Dadi Intl-25.00%. Among the biggest gainers were Glory Flame+46.67%, Weigang Environmental Technology+44.23%, and Simplicity Holdings+43.75%.

Hang Seng closed at 20,116.20 points, down 55.07 points or -0.27%.

—– The Thai stock market is moving in positive territory in line with other stock markets in the region. Investors eased their concerns about the direction of the Federal Reserve after the release of the FOMC meeting. The biggest gainers were Rockworth +29.41%, Sky ICT +16.33%, and Lohakit Metal +15.47%. The negative side was led by Sin Mankong Insurance-29.94%, New City-25.60%, and New City Boutique-18.60%.

The SET closed at 1633.73 points, up 8.55 points or +0.53%.

—– Indian stocks rose more than 500 points as investors speculated on stocks that had fallen over the past three days. Gainers included Parshva Enterprises+20.00%, Sungold Media Entertainment+19.93%, Northern Spirits+19.00%. The negative side was led by Mysore Petro Chemicals-15.22%, Apollo Sindoori Hotels-14.95%, and Simplex Realty-14.86%.

The S&P BSE Sensex closed at 54,252.53, up 503.27 points, or 0.94%.

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