Asian Stocks End Mostly Higher Despite Thin Trading Due to Chinese New Year

Tokyo’s Nikkei closed a third straight day of gains to a new one-month closing high of 27,299.19, up 393.15 points, or +1.46%, as investors eased concerns about a periodic rate hike by the US Federal Reserve (Fed) resulted. The winners were Ebara Corp.+6.51%, Konica Minolta, Inc.+4.19%, and GS Yuasa Corp.+3.77%. The losers were Kawasaki Kisen Kaisha-1.32%, Kobe Steel-1.18%, and Eisai-0.82%.

The S&P/ASX 200 in Australia closed at 7,490.40, a gain of 33.10 points (+0.44%), and the All Ordinaries closed at 7,710.50, a gain of 36.30 points (+0.47%). The mining sector led the way, reaching new highs following a rise in commodity prices. Technology stocks also trended upward, mirroring the performance of similar stocks on the New York Stock Exchange. The top performers were Codan (+17.87%), Breville Group (+7.54%), and Mineral Resources (+5.28%). The worst performers were Zip (-15.57%), Westgold Resources (-2.70%), and Cochlear (-2.53%).

— South Korean stock markets were closed today for the Korean Lunar New Year holiday.

— Chinese stock markets were closed today for Chinese New Year.

— The Hong Kong stock market is closed today for Chinese New Year.

In Thailand, The SET closed down 1,682.94 points, down 1.10 points or 0.07%. The losers were Nation Group-9.09%, PP Prime-7.14%, and Samart Digital-6.67%. The winner were Fort+12.23%, Team Consulting Engineering and Management+11.75%, and Tonghua Holding+7.14%.

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