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Asian stock markets close mixed – China detects further coronavirus infections

—– The Nikkei in Tokyo closed in the plus. This was due to speculative buying after the Nikkei index fell for three consecutive days. The big gainers were Tokyo Electric Power Co, Inc.+12.95%, Mitsubishi Corp.+3.98%, and Minebea Mitsumi+3.53%. The big losers were J.Front Retailing-5.63%, Isetan Mitsukoshi Holdings-4.24%, and Nikon Corp.-4.17%.

The Nikkei Index closed at 26,153.81, up 218.19 points, or +0.84%.

—– Australia’s S&P/ASX 200 closed higher after the Australian government announced the end of measures requiring foreign tourists to show vaccination status against COVID-19. The big gainers were Austal+5.78%, Ingenia Crmmunities+5.32%, and Mesoblast+5.15%. The big losers were led by Magellan Financial Group-9.92%, Pointsbet Holdings-6.25%, and Skycity Entertainment-5.66%.

The S&P/ASX 200 index closed at 6,612.60 points, up 72.70 points, or +1.11%.
The All Ordinaries Index closed at 6,796.90 points, up 76.50 points, or +1.14%.

—– Shanghai Composite in China closed positive. China and Hong Kong welcome the launch of a new joint fund, “ETF Connect”, a cross-border investment between China and Hong Kong. The biggest gainers were Sanhe Tongfei Refrigeration Co(+20%), Shanghai W Ibeda High Tech(+20%), and Shenzhen Kexin Communication(+20%). The biggest losers were HengIi Industrial A(-10.4%), Shenyang Brilliant Elevator A(-10.01%), and Xingmin Wheel A(-10.01%).

The Shanghai Composite Index closed at 3,405.43, up 17.79, or +0.53%.

—– South Korea’s KOSPI closed in negative territory for the fourth consecutive day, reaching the lowest level since November 2020. The biggest losers were MetaLabs-1485%, Hyundai Energy-12.95%, and Cltech Co Ltd-12.19%. The top gainers were Papercorea+21.62%, E Inv & Dev+6.72%, and Bumyang Construction+6.70%.

The Composite Index (KOSPI) closed at 2,300.34, down 5.08, or -0.22%.

—– The Hang Seng in Hong Kong closed slightly lower as investors are still concerned about the recession. The biggest losers were Man Shun-22.41%, Nan Nan Resources Enterprise-21.25%, and Tasty Concepts-20.41%. The top gainers were Asia Television Holdings (+63.64%), Hao Bai International Cayman (+40.91%), and Great Harvest Maeta (+36.99%).

The Hang Seng Index closed at 21,830.35, down 29.44 or -0.13%.

—– The Thai stock market has declined due to concerns about the global economic recession and the rising number of coronavirus cases in China. In addition, the baht is the weakest in 5 and a half years. The biggest losers were Tong Hua Holdings-14.69%, Jasmine International Company-13.33%, and securities company. AEC-11.02%. The biggest gainers were Wincoast Industrial Park+25.93%, Preecha Group+21.77%, and Jasmine Telecom Systems+12.85%.

The SET closed at 1,560.27 points, down 12.40 points or -0.79%.

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