Most Asian stock markets closed higher on Wednesday

Tokyo Nikkei closed at 29,222.77, up 353.86 or +1.23%, with the index rising above 29,000 for the first time in 7 months, supported by a recovery in export stocks. Toho Zinc+6.85%, Nippon Sheet Glass+6.43%, and TOTO+3.85% were the best performers. Losers were Trend Micro Inc.-2.08%, Fanuc Corp.-0.89%, and Daiichi Sankyo-0.82%.

In Australia, the S&P/ASX 200 closed at 7,127.70, up 22.30 or +0.31%, and the All Ordinaries closed at 7,381.10, up 19.20 or +0.26%. Challenger (+5.63%), Brambles (+508%), and Super Retail Group (+4.70%) were the best performers. The worst performers were Pointsbet Holdings-7.69%, Magellan Financial Group-5.87%, and Downer Edi-6.17%.

China’s Shanghai Composite closed at 3,292.53 points, up 14.64 points or +0.45%, supported by buying in real estate stocks following the Chinese government’s measures to revive the property sector. The winners were Inno Laser Technology Co(+20%), Nanjing Cosmos(+20%), and Jiangsu LiXing General Steel Ball(+20%). The losers were GKG Precision Machine-15.20%, Lingda-11.35%, and Beijing Jingwei Hirain-10.98%.

The South Korean Composite Index (KOSPI) closed at 2516.47 points, down 17.05 points, or 0.67%, after rising for three consecutive days. The losers were Moorim P&P C-7.11%, InBioGen Co Ltd-6.40%, and Cuckoo Electr-6.38%. The winners were Korea Ind+18.20%, Samsung Climat+16.67%, and SL Corp+15.21%.

The Hang Seng in Hong Kong closed up 91.93 points, or +0.46%, at 19,922.45 as investors awaited the release of the Federal Reserve (Fed) meeting minutes. The best performers were China Graphite (+47.78%), SEEC Media (+47.67%), and Graphex (+35.09%). The worst performers were Ctr Holdings-44.98%, LI Bao B Ge-22.08%, and Sinco Pharmas-21.57%.

In Thailand, the SET closed at 1639.72 points, up 9.77 points or +0.60%. The best performers were Golden Lime+29.55%, Asia Fiber+12.90%, and PRG Corporation+12.40%. The worst performers were Thai fabric factory-12.64%, KWI-12.56%, and Thiensurat-9.82%.

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