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Asian equity markets closed lower in line with U.S. equity markets following weak economic data

—– Nikkei in Tokyo closed in the red for the first time after four consecutive days of gains, after the U.S. consumer confidence index fell sharply. The biggest losers were Nippon Electric Glass-4.31%, AGC-4.17%, and Nippon Express-3.77%. Tokyo Electric Power Co Inc (+5.27%), SKY Perfect JSAT Holdings Inc (+3.64%), and Japan Steel Works (+3.03%) were the biggest gainers.

The Nikkei Index closed at 26,804.60, down 244.87, or -0.91%.

—– The Australian S&P/ASX 200 closed almost 1% lower, led by a sharp decline in real estate and technology stocks. The biggest losers were Carsales.Com-9.55%, Nearmap-8.70%, and Silver Lake Resources-8.15%. Gainers were led by Skycity Entertainment+3.91%, Star Enterainment+3.32%, and Aurizon Holdings+3.17%.

The S&P/ASX 200 index closed at 6,700.20, down 63.40, or -0.94%.
The All Ordinaries Index closed at 6,877.90, down 75.50, or -1.09%.

—– The South Korean Composite fell after three consecutive days of gains as investors worried about last night’s decline on the New York Stock Exchange. The biggest losers were Dongbu Steel-12.23%, Kg Chemical-9.73%, and Krafton-8.46%. The big gainers were Hwaseung+30%, HLB Global+7.59%, Korea Kolmar+7.46%.

The Composite Index (KOSPI) closed at 2,377.99 points, down 44.1 points, or -1.82%.

—– The Chinese Shanghai Composite closed in the red as investors took profits after the recent rise. The big losers were led by Gansu Golden Glass Tech (-20%), MH Robot Automation (-17.75%), and DK Electronics (-14.43%). The big gainers were Jiangxi GETO New Materials (+20%), Shenzhen Urban Transport Planning Cen. (+19.99%), and Jinpu Landscape Architecture (+19.77%).

The Shanghai Composite Index closed at 3,361.52, down 47.69, or -1.40%.

—– Hong Kong’s Hang Seng closed lower, tracking the Dow Jones Industrial Average, which closed nearly 500 points lower on Tuesday (June 28) as investors sold stocks across the board. The big losers were Zhejiang Shibao-21.09%, LK Tech-2091%, and China Investment and Finance-20%. The big gainers were Noble Engineering+53.23%, Alco+47.22%, and Grand Ocean Resources+42.54%.

The Hang Seng Index closed at 21,996.89 points, down 422.08 points, or -1.88%.

—– The Thai stock market fell in line with the downward trend of foreign stock markets due to concerns about the slowdown of the U.S. economy. The big losers were D.T.C. Industries-25.35%, PRG Corporation-11.38%, and Asia Fiber-7.69%. The winners were Watthanaphaet Hospital Trang+29.52%, Thai Film Industry+25%, and Chiang Mai Ram Medical Business+18.75%.

The SET closed at 1586.18 points, down 8.29 points or -0.52%.

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