Asian stock markets closed positively on Thursday

Tokyo Nikkei closed at 27,932.20, up 190.30 or +0.69%, supported by strong technology stocks. The top gainers were Subaru Corp+8.48%, Casio Computer+6.29%, and Sumitomo Electric Industries+5.96%. The losers were Z Holdings-10.99%, Taiyo Yuden-5.32%, and Hitachi Zosen Corp.-4.86%.

In Australia, the S&P/ASX 200 closed at 6,974.90, down 1.00 or -0.01%, and the All Ordinaries closed at 7,207.50, up 4.60 or +0.06%. The index moved slightly lower as strong trade data supported the market. The losers were Orica-9.30%, Graincorp-6.55%, and Zip-4.53%. The gainers were Pointsbet Holdings+11.58%, NRW Holdings+10.94%, and Nuix+8.03%.

The South Korean Stock Exchange Composite (KOSPI) closed at 2473.11 points, up 11.66 points, or 0.47%, due to buying by foreign investors. The won currency gained against the US dollar. The best performers were KakaoPay (+14.95%), Kumyang (+11.53%), and KidariStudio Inc (+9.82%). The worst performers were Orown Confec-8.85%, Crown Confectionery-7.62%, and Haitai Confectionery and Foods-7.25%.

China’s Shanghai Composite closed at 3,189.04 points, up 25.36 points, or 0.80%, on news of the launch of new infrastructure projects to help China’s economy recover from the COVID-19 pandemic. Beijing Tensyn Digital Marketing (+2014%), Chinadive Watersports (+20%), and Jiangsu Tongguang Electronic (+20%) were the best performers.

Hong Kong’s Hang Seng closed up 406.95 points (+2.06%) at 20,174.04, in line with the Dow Jones Industrial Average, which gained more than 400 points overnight. Strong performance of listed companies and good US economic data were the main drivers. The top gainers were Keen Ocean Intl (+103.78%), Asia Television Holdings (+40%), and China Oceanwide (+27.27%). The losers were Roma (-75.36%), China Public Procurement (-32.80%), and China Digital Video (-28.88%).

The SET in Thailand closed at 1,598.75 points, up 4.02 points or +0.25%. The winners were Castle Peak Holdings (+23.76%), Next Capital (+9.11%), and C.P.L.G. Group (+7.98%). The losers were Nonthavej Hospital -6.18%, Lanna Resources -6.28%, and Thiensurat -3.60%.

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