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The main Asian stock markets closed in the red on Friday

—– The Nikkei in Tokyo closed with a minus. It fell more than 2% in the short term, as the Bank of Japan (BOJ) released the Tankan index, which showed that business conditions for large manufacturing companies fell. The biggest losers were Tokyo Gas-9.83%, Osaka Gas-6.93%, and TDK-5.97%. The big winners were Takashimays+8.80%, Tokyo Electric Power Co, Inc.+2.12%, and Seiko Epson Cor+2.03%.

The Nikkei index closed at 25,935.62, down 457.42, or -1.73%.

—– The S&P/ASX 200 in Australia closed in the red. The market was pressured by investors who sold their shares at the end of the trading session with energy and mining stocks being the most heavily sold. The biggest losers were Woodside Energy-4.37%, Mineral Resources-4.12%, and Polynovo-3.69%. Austal+25%, Mesoblast+11.48%, and Zip+9.09% were the biggest gainers.

The S&P/ASX 200 index closed at 6,539.90, down 28.20, or -0.43%.
The All Ordinaries index closed at 6,720.40, down 26.10, or -0.39%.

—– The Chinese Shanghai Composite closed in the red after investors took profits in the face of a coming global recession. The biggest losers were Western Region (-14.77%), Jiangsu Zhengdan Chemical (-10.95%) and Huatian Hotel A (-10.06%) led. Shenzhen Etmade (+20.01%), Henan BCCY Environmental Energy Co (+19.99%), and Iat Automobile Tech (+19.97%) were the biggest gainers.

The Shanghai Composite Index closed at 3,387.64, down 10.98, or -0.32%.

—– South Korea’s composite index closed lower for the third straight day, hitting a 20-month low as investors sold shares of large listed companies. The biggest losers were Kumho HT Inc-12.50%, Sempio Foods-11.95%, and Singsongholdin-10.82%. The biggest gainers were Drb Industrial+30%, Hyundai Pharm+25.80%, and Chosun Welding.

The Composite Index (KOSPI) closed at 2,305.42, down 27.22, or -1.17%.

—– The Hong Kong Stock Exchange is closed today (July 1) to mark the establishment of the Hong Kong Special Administrative Region.

—– The Thai stock market was slightly volatile with strong buying led by TWZ+14.29%, Castle Peak Holdings+9.80%, and Principal Capital+8.94%. The big losers were Jasmine Telecom Systems-11.07%, Thai Film Industry-9.52%, and Rockworth-8.59%.

The SET closed at 1,572.67 points, up 4.34 points or +0.28%.

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