Business News Asia
Tokyo’s Nikkei ended the 3 days up 201.71 points or +0.78% at 26,175.56. The winners were TOTO+8.64%, Daikin Industries+5.33%, and Eisai+4.84%. The losers were Tokyo Electric Power Co, Inc -4.18%, Dai-ichi Life-3.04%, and Recruit Holdings-3.02%.
In Australia, the S&P/ASX 200 closed down 20.30 points, or -0.28%, at 7,131.00 points and the All Ordinaries closed down 19.20 points, or -0.26%, at 7,336.60 points as investors kept an eye on the release of U.S. inflation figures and a speech by Federal Reserve Chairman Jerome Powell. The losers were Pointsbet Holdings-5.71%, St Barbara-5.65%, and Premier Investments-5.12%. The winners were Polynovo+8.70%, Platinum Asset Management+4.15%, and Omni Bridgeway Ltd+3.67%.
The South Korean Composite (KOSPI) ended the fifth consecutive day up 1.12 points or +0.05% at 2,351.31 as the won gained against the U.S. dollar. The winners were Jayjun Co+29.97%, Hyosung Chemical+12.04%, and Daou Tech+11.06%. The losers were Hankook Cosmetics Manufacturing-6.04%, Jeju Bank-6.01%, and Kyongbo Pharmaceutical Co Ltd-5.82%.
China’s Shanghai Composite closed lower at 3,169.51 points, down 6.58 points or -0.21% as investors took profits after the market closed in positive territory for six consecutive days. DBAPPSecurity Co(-20%), Great Wall Of Culture(-13.23%), and China Quanjude A(-9.99%) were the worst performers. The best performers were Longertek Technology +17.13%, Jiangsu Olive Sensors +15.22%, and Shenzhen Injoinic Tech +12.60%.
The Hang Seng in Hong Kong closed at 21,331.46 points, down 56.88 points or -0.27%, as investors sold stocks for profit after the Hang Seng hit a six-month high yesterday. The worst performers were China Properties Investment (-26.67%), Sino Entertainment (-25.15%), and Bojun Education (-22.06%). The best performers were Neptune Group (+50.77%), Integrated Waste Solutions (+40%), and Future Wold Fin (+39.45%).
In Thailand, the SET closed at 1,691.41 points, up +0.29 points or +0.02%. The winners were IT City (+19.29%), Seafresh Industry (+16.67%), and TRC Construction (+16.67%). The losers were Wattana Phaet -8.79%, Wave Entertainment -7.69%, and PP Prime -7.69%.