Asian stock markets closed the weekend on a positive note

The Nikkei in Tokyo closed at 28,175.87, up 243.67 or 0.87%, the highest level in almost two months, supported by strong earnings from Japanese listed companies. The best performers were Kikkoman Corp.+9.25%, Marubeni Corp.+5.77%, and SUMCO Corp.+3.56%. The worst performers were Konami Corp.-3.87%, Taisei Corp.-3.28%, and Denka-2.90. %.

In Australia, the S&P/ASX 200 closed at 7,015.60 up 40.70 or +0.58% and the All Ordinaries closed at 7,250.30 up 42.80 or +0.59% as markets continued to be supported by strong Australian trading data. Resolute Mining+7.02%, Ramelius Resources+6.70% and Silver Lake Resources+5.57% were top gainers. Losers were Megaport Ltd-7.12%, Viva Energy-4.53%, and Nine Entertainment-3.77%.

The South Korean Stock Exchange Composite Index (KOSPI) closed at 2,490.80, up 17.69 or +0.72, as foreign investors bought and the won strengthened against the US dollar. The best performers were Samsung Pharm (+16.09%), Daelim B&Co (+11.53%), and Pharmicell (+11.51%). The worst performers were Foosung-13.64%, BGF Retail-6.79%, and Sewon E&C-6.53%.

China’s Shanghai Composite closed at 3,227.03, up 37.99 or +1.19%. The best performers were C*Core Tech(+20.01%), ZWSOFT Guangzhou Co(+20%), and Empyrean Technology(+20%). The worst performers were QC Solar Suzhou-19.62%, TIZA Information Industry-11.17%, and Jiangsu Jingyuan Environmental Prote.-10.18%.

The Hang Seng in Hong Kong closed slightly higher at 20,201.94 points, up 27.90 points or +0.14%, as investors waited for the release of the US non-farm payrolls data, which will be announced today. The best performers were China Digital Video (+49.21%), KPM Holding (+45.23%), and NOVA Holdings (+44.44%). The losers were Hope Life International Holdings-31.33%, C&N Holdings-20.51%, and Shuanghua-20.41%.

The SET in Thailand closed at 1,601.09 points, up 2.34 points or +0.15%. The best performers were AQ Estate (+50%), Copper Wire (+10.34%), and IT City (+9.49%). The weakest performers were PP Prime (-7.14%), S. Pack and Print (-6.54%), and Thai Plastic Fabric Industry (-6.40%).

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