Asian stock markets closed mixed – China COVID handling remains an issue

The Nikkei closed up 170.95 points, or +0.61%, at 28,115.74, driven by buying in export stocks after the yen weakened to 142 yen per U.S. dollar. The winners were Nippon Sheet Glass (+9.64%), Mitsubishi Motors Corp (+3.89%), and JGC Corp (+3.49%). The losers were Konami Corp.-2.81%, Rakuten Inc.-2.28%, and Advantest Corp.-1.43%.

In Australia, the S&P/ASX 200 closed at 7,181.30 points, up 42.00 points or +0.59%, and the All Ordinaries closed at 7,376.40 points, up 41.30 points or +0.56%, on buying in mining and energy stocks after oil prices rose. The winners were Virgin Money+10.83%, Whitehaven Coal+7.81%, and Resolute Mining+5.56. The losers were Zip-3.85%, Appen Ltd-3.35%, and

South Korea Composites (KOSPI) closed at 2,405.27 points, down 14.23 points or -0.59%. The losers were Jeju Air Co Ltd-11.29%, Kyungdong Gas-10.40%, and In The F-9.81%. The winners were Meritz Fire In+29.97%, Meritz Financi+29.91%, and Meritz Sec+29.87%.

China’s Shanghai Composite closed up 3.90 points, or +0.13%, at 3,088.94, supported by the Chinese government’s help for the struggling real estate sector. The best performers were China Railway Prefabricated Construction (+20%), Ruijie Networks (+17.33%), and Shenzhen Urban Transport Planning (+14.56%). The worst performers were Essence Information Technology Co-20%, Amethystium Storage Technology Co-19.94%, and Nanjing Vazyme Biotech-11.37%.

The Hang Seng in Hong Kong closed at 17,424.41 points, down 231.50 points or -1.31%, as investors continued to worry about the COVID-19 situation in both China and Hong Kong. The worst performers were Many Idea Cloud Holdings (-57.79%), Jia Group Holdings (-34.78%), and Crown International (-24.53%). The best performers were Huili Resources (+58.63%), Nan Nan Resources Enterprise (+45.28%), and CNNC Intl (+39.53%).

In Thailand, the SET closed at 1,615.33 points, down 3.53 points or -0.22%. The losers were TWZ-14.29%, Tonghua Holdings-14.17%, and KWI-11.56%. The winners were Polynet PCL+26.47%, Wattanaphaet+15.76%, and S&P Syndicate+7.36%.

Leave a Reply

Change Language
%d bloggers like this: