Asian equities ended mostly positive, with the Japanese yen rising to a seven-year high

Tokyo’s Nikkei closed lower at 25,822.32, down 297.20 or -1.14 percent, as export stocks were pressured by the yen’s rise to a seven-year high against the dollar. This is due to speculation that the Bank of Japan (BOJ) will review the impact of ultra-loose monetary policy this week. The losers were Denka-15.92%, Kawasaki Heavy Industries-5.16%, and Resona Holdings, Inc.-4.02%. The winners were Ajinomoto Co, Inc.+2.08%, Eisai+2.06%, and Toray Industries, Inc.+2.03%.

In Australia, the S&P/ASX 200 closed at 7,388.20 points, up 60.10 points or +0.82%, and the All Ordinaries closed at 7,605.00 points, up 64.90 points or +0.86%, driven by a rise in commodity stocks. The winners were, Nuix+12.16%, and Zip+9.02%. The losers were Monadelphous-3.76%, Champion Iron Ltd-2.21%, and Janus Henderson DRC-2.12%.

The South Korea Composite Index (KOSPI) closed the ninth day up 13.77 points or +0.58% at 2,399.86, with best performers Nam Sung+18.37%, Hanwha Investment Securities+7.61%, and Sam Hwa Capaci+7.16%. The worst performers were Sbw-7.21%, In The F-6.44%, and Soosan Industries-5.10%.

China’s Shanghai Composite closed at 3,227.59 points, up 32.29 points or +1.01%, driven by hopes that the Chinese government will take measures to revive the property sector. In addition, the market received positive stimulus from the Chinese central bank, which injected liquidity into the financial system today. The best performers were Cendes A(+20.01%), Shanghai Ailu Package(+20%), and TangYuan Electric(+20%). The worst performers were You care Pharmaceutical Group Co-15.93%, Jiangsu Gian Tech-14.76%, and Haibo Heavy Engineering-14.48%.

The Hang Seng Index in Hong Kong closed slightly higher at 21,746.72 points, up 8.06 points or +0.04%, with the Hang Seng Index narrowing the positive spread from profit-taking as investors have more confidence in China’s opening. The best performers were China National Culture (+42.62%), Honbridge (+35.14%), and Zhong Ji Longevity Science (+34.09%). The worst performers were International Standard Resources-80.90%, Future World Fin-78.32%, and Huajun-43.85%.

In Thailand, the SET closed at 1,684.86 points, up +3.13 points or +0.19%. The winners were General Engineering+13.33%, Jasmine Telecom Systems+8.85%, and Sky I. CT+8.13%. The losers were Samart Digital-12.50%, Nation Group-8.33%, and Wave Entertainment-6.25%.

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