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Asian stock markets closed higher after recent declines

—– The Nikkei in Tokyo closed higher after hitting a five-week low yesterday. The winners were Showa Denko K.K.+6.55%, CyberAgent Inc+6.29%, Rakuten Inc+5.48%. The losers were Nichirei Corp -1.59%, KDDI Corp -0.72%, Osaka Gas-0.62%.

The Nikkei Index closed at 26,246.31, up 475.09, or +1.84%.

—– Australia’s S&P/ASX 200 closed higher after the Reserve Bank of Australia (RBA) Governor expressed confidence that the country’s economy will not fall into recession. The biggest gainers were Pointsbet Holdings+9.02%, Unibail Rodamco Westfield+6.87%, and Hub24Ltd+6.17%. The biggest losers were Megaport Ltd -4.34%, APA Group-4.03%, and GUD Holdings-3.52%.

The S&P/ASX 200 index closed at 6,523.80 points, up 90.40 points or +1.41%.
The All Ordinaries Index closed at 6,700.80, up 91.30, or +1.38%.

—– The KOSPI in South Korea closed higher after hitting a new 19-month low yesterday. This was due to investors buying stocks after the decline. Among the biggest gainers were Inscobee+13.20%, Reyon Pharm+12.94%, and Caltech Co Ltd+12.50%. The biggest losers were KEPCO Eng&Const-12.72%, Hands Corp-8.11%, Cosmoam&T-7.04%.

The Composite Index (KOSPI) closed today at 2,408.93, up 17.90, or +0.75%.

—– The Shanghai Composite in China closed in the red. Investors were disappointed that the People’s Bank of China (PBOC) maintained its key interest rates on customer loans yesterday. The biggest losers were Beijing Lanxum Tech Co-15.60%, Jiangsu Zitian Media Technology-13.36%, and Chinadive Watersports-10.12%. The biggest gainers were MH Robot Automation. +20.02%, Shandong Synthesis Electronic+19.99%, Jiangsu Leili Motor+19.99%.

The Shanghai Composite Index closed at 3,306.72, down 8.71, or -0.26%.

—– The Hang Seng in Hong Kong closed in the plus. The key factor was a rise in technology stocks led by Alibaba shares (+1.34%), Tencent (+2.75%), and Nan Nan Resources Enterprise (+900%). The big losers were China Netcom Tech (-23.53%), Alco (-20.97%) and CCID Consulting (-20.2%).

The Hang Seng Index closed at 21,559.59 points, an increase of 395.68 points or +1.87%.

—– The Thai stock market is recovering in line with the sentiment on foreign stock markets. The winners were Jasmine Telecom Systems +25.81%, Crown Tech Advance +21.43%, TWZ+14.29% The losers were CP. L.Group-12.08%, Asia Fiber-9.84%, Castle Peak Holdings-8.33%.

The SET closed at 1574.52 points, up 15.31 points or +0.98%.

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