Asian stock markets close volatile after China announces military exercises around the island of Taiwan.

Tokyo’s Nikkei closed at 27,741.90, up 147.17 or +0.53%, as investors bought export stocks after the yen weakened against the dollar. The winners were Nichirei Corp.+6.09%, Hitachi Zosen Corp.+4.73%, and Mitsubishi Corp.+4.06%. The losers were Subaru Corp (-5.21%), Kawasaki Kisen Kaisha (-4.20%), and Tokyo Electric Power Co. Inc (-2.95%).

In Australia, the S&P/ASX 200 closed at 6,975.90, down 22.20, or -0.32% and the All Ordinaries closed at 7,202.90, down 13.50, or -0.19%, after the Australian services sector index declined in July. The worst performers were Centuria Industrial Reit Unt-4.01%, Star Enterainment-3.56%, and ASK-3.39%. The best performers were Zip+8.61%, Polynovo+8.23%, and Lynas Rare Earths+7.55%.

The South Korean Stock Exchange Composite (KOSPI) closed at 2,461.45, up 21.83 or 0.89%. The top gainers were Crown Confectionery+29.80%, Crown Confec+17.97%, and Haitai Confectionery and Foods+14.29%. The losers were Kumyang-13.39%, Samhwa Crown-5.43%, and Sc Engineering-4.98%.

China’s Shanghai Composite closed at 3,163.67, down 22.59 or -0.71%. The losers were Jiangmen iDear-Hanyu Electrical (-15.05%), Jiangsu Leili Motor (-13%), and Sunrise Wheel A (-10.04%). The winners were Nanjing Baose+20%, Sichuan Tianwei Electronic+20%, and Jiangsu New Technology+19.99%.

The Hang Seng in Hong Kong closed up 77.88 points or +0.40% at 19,767.09. The best performers were Hope Life International Holdings(+86.34%), Nan Nan Resources Enterprise(+46.55%) and SK Target(+34.15. %). The worst performers were Tesson-43.79%, F8 Enterprises-27.30%, and PF Holdings-20.83%.

The SET in Thailand closed at 1,594.73 points, up 5.57 points or +0.35%. The best performers were Royal Plus (+16.26%), JKN Global Media (+13.46%), and Thiensurat (+11%). The worst performers were Crown Tech Advance (-7.41%), Gunkul Engineering (-5.90%), and Nawakit Insurance (-5.81%).

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