Asian stock markets closed lower – the Japanese yen rose to its highest level in over three months

Tokyo’s Nikkei closed down 448.18 points, or -1.59%, at 27,777.90 points, a 3-week low, as export stocks suffered as the yen rose to its highest level in three and a half months against the US dollar. The yen traded within the range of 135 yen per dollar. The losers were Mitsubishi Motors Corp.-5.91%, NTN Corp.-5.61%, and JGC Corp.-4.27%. The winners were Cyber Agent Inc.+3.95%, Kao Corp.+1.94%, and Shiseido+1.16%.

In Australia, the S&P/ASX 200 closed at 7,301.50, down 52.90 or -0.72%, and the All Ordinaries closed at 7,503.50, down 50.50 or -0.67%, after stocks around the world rose on Thursday (Dec. 1). The decline in energy and financial stocks is a factor pressuring the market. The losers were Corporate Travel-5.85%, IPH-5.15%, and Charter Hall Group-5.13%. The winners were Westgold Resources+12.58%, St Barbara+10.40%, and Silver Lake Resources+7.03%.

The South Korean Composite Index (KOSPI) closed at 2,434.33 points, down 45.51 points, or -1.84%, after rising for three days as foreign and institutional investors sold their equities. As for the currency, the won depreciated against the US dollar. The losers were Ihq-27.07%, Krafton-8.41%, and Kolon Globalco-7.47%. The winners were Feelux+17.31%, Firstec+16.38%, and Han Kook Steel+12.15%.

China’s Shanghai Composite closed down 9.33 points, or -0.29%, at 3,156.14 as investors waited for clarity on whether the Chinese government will change its strict regulations to curb COVID-19. The worst performers were Ningbo United Group-10.03%, China Enterprise-10.03%, and Beijing United Information Technology Co-10%. The best performers were RocKontrol Tecnology Group Co(+20.02%), Sublime China Information(+20%), and Shenzhen Bioeasy Biotechnology Co(+20%).

Hong Kong’s Hang Seng closed at 18,675.35, down 61.09 points, or -0.33%, after three straight days of gains as investors eye non-farm payrolls figures for November released today in the US. Shanghai Bio heart Biological Technology-27%, Pizu-24%, and ClouDr-20.22% were the worst performers. The best performers were China United Venture Investment (+58.73%), Xinhua News Media (+34.38%), and Sinohealth Holdings (+30.61%).

In Thailand, the SET closed at 1,642.16 points, down 6.32 points or 0.38%. The losers were Tekko-9.45%, TPBI-5.10%, and Tropical Canning-4.83%. The winners were Next Capital+22.37%, Thaicom+9.17%, and Wave Entertainment+7.69%.

Leave a Reply

Change Language
%d bloggers like this: