Asian stock markets closed higher on Monday

The Nikkei in Tokyo closed higher at 27,993.35, up 191.71 or +0.69%, driven by strong earnings from listed companies. The gainers were Nippon Kayaku+14.62%, Sumitomo Dainippon Pharma+8.08%, and TOTO+7.21%. The losers were Alps Electric+13.36%, Fujitsu-6.62%, and Pacific Metals-5.52%.

In Australia, the S&P/ASX 200 closed at 6,993.00, up 47.80 or +0.69%, and the All Ordinaries closed at 7,213.00, up 39.20 or +0.55%. Investors are turning their attention to the outcome of the Reserve Bank of Australia’s monetary policy meeting this week. The best performers were Nuix (+9.02%), Perenti Global Ltd (+5.22%), and Lynas Rare Earths (+4.48%). The losers were United Malt-17.17%, Megaport Ltd-14.45%, and Pointsbet Holdings-14.15%.

The South Korean Composite (KOSPI) closed at 2,451.5, up 0.75, or +0.03%, as investors anticipated that the second consecutive quarter of contraction in the U.S. economy could put the brakes on interest rate hikes by the Federal Reserve. proactive policy. The best performers were Seong An (+29.95%), Union Materials (+16.31%), and Kumyang (+11.94%). The worst performers were Hyosung TNC-8.27%, Central Motek-6.90%, and E-Mart-5.75%.

China’s Shanghai Composite closed at 3,259.96 points, up 6.72 points or +0.21%, after Chinese authorities reported that China’s service sector continued to expand in July. The winners were Zhejiang Narada Power Source(+20%), Jiangsu Kuangshun Photosensitivity(+20%), and King-Strong New Material(+20%). The losers were Runfa Machinery A-10, Hesheng Mat A-10%, and Fengfan Power-10%.

The Hang Seng in Hong Kong closed at 20,165.84, up 9.33 or +0.05%, as investors bought stocks after the market closed in negative territory for three consecutive days. The winners were Renco Holdings Group Ltd(+41.59%), EVOC InteIIigent Tech(+32.17%) and Cocoon Holdings(+26.67%). The losers were Joy Sperader-48.02%, Jinke Smart-37.37%, and Ourgame Intl-36.00%.

The SET in Thailand closed at 1,593.24 points, up 16.83 points or +1.07%. The best performers were S. Pack and Print (+18.42%), JWD. InfoLogistics+13.53%, and Principal Capital+12.95%. The losers were Thai Film Industry -5.56%, NEP Real Estate and Industry -5.56%, and Triton Holding -5.26%.

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