Asian stock markets closed in the red – investors eyeing U.S. labor market data

Tokyo’s Nikkei closed at 27,650.84, down 10.63 or -0.04%, pressured by fears that aggressive interest rate hikes will lead to a slowdown in the U.S. and global economies. The losers were Pacific Metals-2.41%, Mitsubishi Heavy Industries-2.38%, and Marui Group-2.17%. The winners were Seven & i Holdings+2.30%, J.Front Retailing+2.06%, and Recruit Holdings+2.04%.

In Australia, the S&P/ASX 200 closed at 6,828.70, down 16.90 or -0.25%, and the All Ordinaries closed at 7,056.30, down 23.60 or -0.33%. Losers were Mineral Resources-6.50%, Omni Bridgeway Ltd-6.25%, and Resolute Mining-5.5%. The gainers were NRW Holdings+2.92%, GPT Group+2.67%, and Clinuvel Pharmaceuticals+2.34%.

South Korea’s composite index (KOSPI) closed at 2,409.41 points, down 6.2 points or -0.26%, after the won currency weakened. The won fell to a 13-year low against the U.S. dollar. The losers were Dynamic Design-9.92%, IIjeong Ind-7.08%, and SoCar-6.25%. The gainers were Kp+15.52%, Dohwa Engin+13.71%, and Nexen Tire+12.94%.

China’s Shanghai Composite closed slightly up 1.50 points, or 0.05%, at 3,186.48 points as investors remain concerned about the economic outlook. China had ordered lockdowns in several key cities, including Shenzhen. Beijing Hanyi Innovation Technology(-15%), Shenwu Energy Saving(-10.05%), and Jiangsu Pacific Quartz(-10%) were the worst performers. The best performers were Jiangsu Cai Qin Technology+20%, Shenyu Communication+20%, and Cambricon Technologies+19.99%.

The Hang Seng in Hong Kong closed down 145.22 points, or -0.74%, at 19,452.09 points as investors awaited the release of U.S. nonfarm payroll data, which will be released today. The worst performers were Kidztech (-72%), Hao Bai International Cayman (-33.33%), and Mexican (-27.70%). The best performers were Blue River Holdings (+78.57%), GME Group (+42.59%), and Perennial Energy (+40%).

In Thailand, the SET closed at 1,623.89, up 1.94 or +0.01%. The best performers were TWZ (+14.29%), Country Group Development (+11.36%), and Triton Holding (+10.53%). The worst performers were Sin Munkong Insurance-12.90%, Bangkok Union Insurance-11.65%, and KWI-5.58%.

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