Most Asian stock markets closed the week in the red

Tokyo’s Nikkei closed at 26,890.58, down 116.38, or -0.43%, as investors worried about a slowdown in the U.S. economy. The losers were Credit Saison-3.39%, Odakyu Electric Railway-3.15%, and Keio Corp.-3.14%. The gainers were Tokyo Electron+4.60%, Dainippon Screen Mfg.+2.19%, and Advantest Corp.+1.86%.

In Australia, the S&P/ASX 200 closed at 6,676.80, down 53.90 or -0.80%, and the All Ordinaries closed at 6,869.90, down 48.80 or -0.71%, with real estate stocks falling sharply. Pointsbet Holdings-6.64%, Zip-4.62%, and Origin Energy-4.35% were the losers. Perseus Mining+5.85%, Whitehaven Coal+4.59%, and Mineral Resources+3.07% were the gainers.

China’s Shanghai Composite closed at 3,038.93, up 3.88 or +0.13%, supported by buying in real estate stocks following reports that Chinese authorities will relax capital raising rules for real estate companies. Uni-Trend Technology China Co+20%, Zhengzhou J+20%, and Shanghai National Center of+17.20% were the best performers. The worst performers were Xian Catering A-10.06%, Guangzhou Ruyuchen-10.02%, and Huasu Holdings. Co Ltd-10.02%.

South Korea’s composite index (KOSPI) closed down 4.97 points, or -0.22%, at 2,213.12 for the third consecutive day after poor export data stoked investor fears of an economic slowdown. The won currency weakened against the U.S. dollar. The losers were Jin Air-19.46%, E-Starco-13.03%, and Kumho Ind-11.53%. The gainers were Kyungdong Gas+29.96%, Mango Rope&We+13.60%, and Orientbio+9.58%.

The Hang Seng in Hong Kong closed down 69.10 or -0.42% at 16,211.12, with Crocodile Gaments-25.42%, Jia Group Holding-23.81%, and Jimu-23.08% the worst performers. The best performers were MResources+44%, Life Concepts Holding+31.71%, and CA Cultural Technology+31.18%.

In Thailand, the SET closed at 1,591.32 points, down 1.41 points or -0.09%. The losers were Stark Corporation -6.86%, Mega Lifesciences -6.60%, and Thea. Surat -5.39%. The gainers were Sin Munkong Insurance+29.51%, Charan Insurance+6.36%, and Civil Engineering+5.26%.

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