Business News Asia
Tokyo’s Nikkei closed up 128.32 points, or +0.48%, at 27,120.53 as investors eased concerns about the Federal Reserve’s accelerated rate hikes after weaker-than-expected U.S. jobs data. Rakuten Inc+2.83%, Japan Steel Works+2.72%, and Shin-Etsu Chemical+2.51% were the gainers. Losers were Nippon Sheet Glass-4.30%, Mitsubishi Motors Corp-3.10%, and Unitika-2.39%.
The S&P/ASX 200 closed up 116.40, or +1.74%, at 6,815.70 and the All Ordinaries closed up 125.60, or +1.82%, at 7,030.90, supported by buying in bank stocks as the Reserve Bank of Australia (RBA) raised interest rates less than expected. Gainers were Hub24 Ltd+9.71%, Pointsbet Holdings+9.09%, and Mesoblast+7.74%. Ramelius Resources-4.86%, Sims Metal Management-3.49%, and Incitec Pivot-2.43% were the losers.
The South Korean Composite (KOSPI) rose slightly to 2,215.22 points, up 5.84 points or 0.26%. The winners were Dynamic Design+30%, STX+27%, and Sempio Foods+16.65%. The losers were Air Busan-24.31%, Hanjinkal-8.48%, and SoCar-7.88%.
The Hang Seng in Hong Kong closed at 18,087.97, up 1008.46 points or 5.90%. The best performers were Singasia (+62.96%), Ruicheng China (+48.44%), and C Link (+43.31%). The worst performers were Imperium Group Global-24.7%, New Century Healthcare-22.22%, and Rmh-21.62%.
— Chinese stock markets are closed today (October 5) for the National Day holiday.
In Thailand, the SET closed at 1,580.27, up 2.27 or 0.14%. The gainers were Fancywood Industries (+9.45%), Team Consulting Engineering and Management (+8.40%), and Veranda Resort (+7.14%). The losers were Buriram Sugar-11.56%, U City-6.21%, and Jasmine Telecom Systems-5.51%.