Asian stock markets closed higher on news that China is lifting quarantine measures for travelers

The Nikkei in Tokyo closed up for the second day in a row with 42.00 points, or +0.16%, at 26,447.87 points, driven by tourism stocks after the Chinese government decided to open the borders and lift quarantine measures for travelers from abroad. This raised hopes that more foreign tourists would come to Japan. The winners were Takashimaya+7.14%, Isetan Mitsukoshi Holdings+7.01%, and Shiseido+6.12%. The losers were Hino Motors-2.13%, Yokogawa Electric Corp.-1.96%, and Tokyo Electric Power Co, Inc.-1.83%.

China’s Shanghai Composite closed up 30.01 points, or +0.98%, at 3,095.57 points, supported by China’s announcement to lift quarantine measures for travelers from abroad. The best performers were Jiangsu Jinji Ind (+19.93%), RoboTechnik Intelligent (+17.63%), and Dr (+12.24%). The worst performers were Hybio Pharmaceutical-20%, Staidson Beijing Biophrma-15.87%, and Fujiansunter Pharma-13.34%.

The South Korean Composite Index (KOSPI) rose for the second consecutive day to 2,332.79 points, up 15.65 points or 0.68%. The winners were Hankook Cosmetics Manufacturing+29.82%, Hankook Cosmet+20.82%, and Firstec+18.47%. The losers were SD Biosensor-4.88%, Esr Kendall Square-4.70%, and Daewon Pharm-4.37%.

— The Australian stock market is closed today.

— The Hong Kong Stock Exchange is closed today.

In Thailand, the SET closed at 1,643.16 points, up 16.36 points or +1.01%. The winners were T. Krungthai Industry (+29.36%), Tonghua Holdings (+18.02%), and TWZ (+16.67%). The losers were TPCS-9.73%, Sermsuk-5.76%, and Khonburi Sugar-5.41%.

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