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Asian stock markets closed positive as investors look ahead to the Jackson Hole meeting

Tokyo Nikkei closed at 28,479.01 points, up 165.54 points or +0.58%, after the Japanese government announced the construction of a new nuclear power plant. The winners were Japan Steel Works (+6.14%), Unitka (+5.08%), and Daiichi Sankyo (+4.60%). The losers were Toho Zinc-2.77%, Tokyo Gas-2.56%, and Dai Nippon Printing-2.45%.

In Australia, the S&P/ASX 200 closed at 7,048.10, up 50 or +0.71%, and the All Ordinaries closed at 7,291.90, up 49.60 or +0.68%, after the Chinese government announced stimulus measures. Insignia Financial (+11.36%), Nine Entertainment (+9%), and Qube (+8.49%) were the winners. Losers were Domino’S Pizza Enterprises-9.55%, Perpetual-9.44%, and Deterra Royalties-7.02%.

China’s Shanghai Composite closed up 31.04 or +0.97% at 3,246.25 points as investors reacted to the Chinese government’s announcement of stimulus measures. The best performers were Dezhou United Petroleum Tech (+17.30%), Loctek Ergonomic Tech A (+16.28%), and Shandong Weifang Rainbow Chemical Co (+16.05%). The worst performers were Haoyang Elect-13.38%, Empyrean Technology (-12.20%), and Naipu Mining (-11.86%).

The South Korean Composite (KOSPI) rose 29.81 or +1.22% to close at 2,477.26 after investors were clear about the South Korean central bank’s monetary policy. The gainers were Hwaseung RA Co+20.44%, Cuckoo Homesys+12.71%, and KEPCO Eng & Const+11.27%. The losers were Mirae ING-9.25%, OCI Co-6.02%, and Hyundai Energy-5.43%.

The Hang Seng in Hong Kong closed 699.64 points, or +3.63%, higher at 19,968.38 points after the Hong Kong Observatory issued a warning about Tropical Storm Ma-on. MResources (+69.44%), Green Leader Holdings (+42.59%), and Tai Kam Holdings (+37.50%) were the gainers. The worst performers were Asia Pac Financial (-17.46%), Artini Holdings (-15.87%), and Great Harvest Maeta (-15.60%).

In Thailand, the SET closed up 11.97 points or 0.73% at 1,643.52, with AQ Estates +50%, D.T.C. Industries +29.79% and OHTL+17.91% as the gainers. The losers were Thai plastic coated cloth industry-12.95%, TWZ-12.50%, and Doohome-4.76%.

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