Business News Asia
Tokyo’s Nikkei closed down 2.87, or -0.01%, at 28,868.91 points as profit-taking overshadowed buying pressure on gains in U.S. stocks Wednesday night. The losers were Mitsui O.S.K. Lines-4.12%, Nippon Yusen K.K-4.09%, and Kawasaki Kisen Kaisha-3.98%. The winners were Trend Micro Inc +3.28%, Konami Corp +3.19%, and Z Holdings+3.18%.
In Australia, the S&P/ASX 200 closed at 7,105.40, up 41.10, or +0.58%, and the All Ordinaries closed at 7,361.90, up 37.00, or +0.51%, in line with most Asian stock markets, which rose after strong gains supported by the U.S. stock markets, which closed higher last night. Pointsbet Holdings (+5.41%), BHP Group Ltd (+4.09%), and Altium (+3.66%) were the best performers. The worst performers were Challenger-10.11%, Zip-7.11%, and Seek-5.13%.
China’s Shanghai Composite closed at 3,277.88 points, up 1.80 points or +0.06%, led by a rise in real estate and new energy stocks. The winners were Anhui Yuanchen Environmental Protection (+20.03%), Petpal Pet Nutrition (+20%), and Shanghai GuAo Electronic (+17.31%). The losers were Jingjin Environmental Protection Co-10%, Cubic Sensor and Instrument Co-9.51%, and Yuhuan CNC Machine-8.79%.
The South Korean Composite (KOSPI) closed at 2533.52 points, up 5.58 points or +0.22%. The winners were Charm Engine+14.25%, E Inv & Dev+9.51%, and Jin Air+8.28%. The losers were Kc Green Holdi-14.30%, Seah Steel-12.69%, and Seah Steel Corp-10.66%.
The Hang Seng in Hong Kong closed down 210.34 points, or -1.05%, at 19,830.52 points as investors awaited the release of the minutes of the Federal Reserve’s July 26-27 meeting on Wednesday. The worst performers were Adtiger (-69.90%), Everest Med (-19.10%) and Sinomax (-17.89%). The best performers were Sinco Pharmas (+39.73%), Kiu Hung Intl (+39.02%), and Mexan (+33.06%).
The Thai SET closed at 1629.95 points, up 4.70 points or +0.29% as most Asian markets rose. Thai fabric factory (+30%), Indara Insurance (+29.66%), and Nam Sin Insurance Company (+28.47%) were the best performers. The worst performers were AQ Escape-33.33%, Thai Nam Plastics-20%, and PRG Corporation-11.68%.