Business News Asia
Tokyo Nikkei closed higher at 27,944.79, up 45.02 points or +0.16%, due to buying in export stocks and weakening yen. The winners were Unitika+2.80%, Teijin+2.78% and Sapporo Holdings+2.78%. The losers were Sompo Holdings Inc-8.02%, Tokai Carbon-8.20%, and Showa Denko K.K.-3.03%.
In Australia, the S&P/ASX 200 closed at 7,139.30, down 12.50, or -0.17%, and the All Ordinaries closed at 7,335.10, down 19.60, or -0.27%, as investors sold off mining stocks following reports that China ordered lockdowns after an increase in COVID-19 infections in several Beijing districts. The losers were Nanosonics-12.23%, Resolute Mining-5.26% and Pointsbet Holdings-4.83%. Mesoblast+6.45%, AGL Energy+4.23% and Atlas Arteria+3.76% were the winners.
The South Korean Composite (KOSPI) closed at 2,419.50 points, down 24.98 points or -1.02%. The losers were IIdong Holdings-13.67%, Sebang Global Battery-9.94%, and II Dong Pharma-9.51%. The winners were In The F+29.81%, Jooyontech+27.43%, and STX+13.21%.
China’s Shanghai Composite closed down 12.20 points, or -0.39%, at 3,085.04 as the market was pressured by concerns about the local economy. The increase in COVID cases led to lockdowns in many areas of the country. VGC A-10.01%, Quanshi World-10.01%, and Zhongtian Service-10% were the worst performers. The best performers were Guangdong Guoli A+20.02%, Jiangsu Jibeier Pharmaceutical Co+20.01%, and Anhui Yuanchen Environmental Protection+20%.
Hong Kong’s Hang Seng closed down 348.54 points or -1.94% at 17,644.00 points. The worst performers were HKC Intl-28.36%, Wealth Glory-27.66%, and Super Strong-25.11%. The best performers were Raffles Interior (+54%), CLSA Premium (+38.52%), and Shanghai Bio heart Biological Technology (+35.33%).
In Thailand, the SET closed at 1,618.69, up 1.31 or 0.08%. The winners were Polynet PCL+29.11%, Team Precision+19.81%, and TRC Construction+15.38%. The losers were Jasmine Telecom Systems -15.79%, TWZ -14.29%, and Boutique New City -8.59%.