Asian stock markets closed volatile into the weekend

Tokyo’s Nikkei closed up 727.65 points, or 2.62 percent, at 28,546.98, a seven-month high, after released U.S. economic data helped to ease inflation concerns in the United States, the world’s largest economy. The best performers were DOWA Holdings (+8.88%), Nippon Express (+8.15%), and Rekuten Inc (+7.90%). The worst performers were Oki Electric Industry-5.51%, DeNA Co-3.88%, and Kawasaki Heavy Industries-2.72%.

The Hang Seng in Hong Kong closed up 93.19 points, or 0.46%, at 20,175.62, tracking the Dow Jones Industrial Average, which closed higher yesterday. The best performers were Tai Kam Holdings (+30.77%), CBK (+24.66%), and Yik Wo Inti (+22.22%). The worst performers were Renco Holdings Group Ltd-33.85%, Okura Holdings-23.81%, and Keen Ocean Intl-19.77%.

China’s Shanghai Composite closed at 3,276.89, down 4.78 or -0.15%, amid concerns over the number of coronavirus cases that have surged in the country. The losers were Semitronix(-11.45%), Shenzhen Longsys Electronics(-11.37%), and Shanghai Huace Navigation(-11.36%). The winners were Dalian Zhiyun Automation+20.03%, Brilliance Tech+20%, and Dongguan Golden Sun+19.01%.

South Korea’s KOSPI closed 4.16 points or 0.16% higher at 2,527.94 with Husteel+29.92%, Seah Spe Steel+12.32%, and Fila Holdings+9.99% as the winners. Union Materials-5.59%, Netmarble Games-5.38%, and Samhwa Crown-5.33% were the losers.

In Australia, the S&P/ASK200 closed down 38.50 points, or 0.54%, at 7,032.50 points. The worst performers were Nanosonics-6.43%, Pointsbet Holdings-6.32%, and Domino’S Pizza Enterprises-6.01%. The best performers were Woodside Energy+3.74%, Resolute Mining+3.51%, and Parenti Global Ltd+3.47%.

The SET in Thailand was closed yesterday for a birthday celebration of Her Majesty Queen Sirikit.

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