Asian stock markets closed mixed – Hang Seng falls to lowest level in 11 years

Tokyo Nikkei closed at 26,215.79, up 278.58 or +1.07%, after the market fell earlier due to poor sentiment among Japanese manufacturers. The gainers were Nippon Sheet Glass+5.48%, Nippon Yusen K.K+5.35%, and Shinsei Bank+5.35%. The losers were Kansai Electric Power-5.28%, Unitika-5.03%, and Maruha Nichiro Corp-4.47%.

In Australia, the S&P/ASX 200 closed at 6,456.90, down 17.30, or -0.27%, and the All Ordinaries closed at 6,656.40, down 22.30, or -0.33%, as investors feared that central banks raising interest rates would plunge the global economy into recession. The losers were Ramelius Resources-5.59%, Janus Henderson DRC-5.08%, and Nickel Mines-5.06%. The gainers were Mesoblast+7.69%, Unibail Rodamco Westfield+5.88%, and Origin Energy+2.90%.

Hong Kong’s Hang Seng stock market closed lower at 17,079.51, down 143.32 or -0.83%, as investors feared the Federal Reserve (Fed) would accelerate interest rates after higher-than-expected inflation data in the US. Fulum-49.32%, Polyfair Holdings-33.96%, and Deyun-29.89% were the worst performers. The best performers were Carry Wealth+225%, Tai United+41.07%, and Crown International+35.67%.

— South Korean stock markets are closed today (October 3) for the National Day holiday.

— Chinese stock markets will be closed from October 3 to 7 for the National Day holiday.

In Thailand, the SET closed at 1,558.05, down 31.46 or 1.98%. The losers were PP Prime -5.26%, Chin Huay PCL-8.40%, and Tropical Canning -8.66%. The winners were T.Krungthai Industrial +29.63%, Thanulux +29.41%, and Krin Resources +22.73%.

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