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Asian stock markets closed negative on Tuesday

The Tokyo Nikkei closed down 341.75, or -1.19%, at 28,452.75 as investors sold their shares of the automaker following reports that Toyota truck maker Hino had falsified information. The worst performers were shares of Hino Motors (-6.36%), Sony (-3.31%), and Denso Corp (-2.99%). The best performers were J.Front Retailing+4.56%, Isetan Mitsukoshi Holdings+4.47%, and Takashimaya+3.35%.

In Australia, the S&P/ASX 200 closed at 6,961.80, down 85.10 or -1.21%, and the All Ordinaries closed at 7,199.20, down 88.00 or -1.21%, as investors sold bank stocks. The losers were EML Payments-11.56%, and Nuix-6.47%. The winners were Altium+19.75%, Ansell+8.59%, and Monadelphous+5.86%.

China’s Shanghai Composite closed down 1.57 points, or -0.048%, at 3,276.22 points. The index moved slightly lower as investors reacted to news that the Chinese government is preparing to grant loans to real estate developers facing financial difficulties. Zhiyang Innovation Technology Co(-15.06%), Shanghai Electric Wind Power Group Co(-10.86%), and Huitian Power A(-10.04%) were the worst performers. The best performers were OPT Machine Vision Tech Co-20%, Zhejiang Haiyan Power System Resources+19.97%, and Guangzhou Devotion Therm Tech+15.92%.

The South Korean Composite Index (KOSPI) closed down 27.16 points, or -1.10%, at 2,435.34 points for the fifth consecutive day as investors avoided investing in risky assets. The worst performers were Wellbiotec Co Ltd (-7.49%), Yg Plus Inc (-7.23%), and Lee Ku Ind (-7.06%). The best performers were Korea Petroleum Ind+16.96%, Husteel+16.25%, and Sejin Heavy Industries. Co Ltd+11.72%.

The Hang Seng in Hong Kong closed down 153.73 points, or -0.78%, at 19,503.25 points as investors fear the Federal Reserve will accelerate its rate hike to curb inflation. The losers were Sino Oil Gas (-28.85%), Esprit Holdings (-27.27%), and Yeah Yeah Holdings (-27.27%). The winners were Green Leader Holdings+175%, China Rongzhong Financial+42.62%, and Wan Cheng Metal Packaging+34.44%.

In Thailand, the SET closed at 1,634.34, up 18.52 points or +1.15%. The best performers were AQ Estate (+50%), Indra Insurance (+23.08%), and Principal Capital (+23.03%). The worst performers were D.T.C. Industries-28.79%, Union Plastic-14.95%, and Thachang Green Energy PCL-7.89%.

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