Asian Stock Markets Mixed as Investors Await US Earnings Reports

Asian stock markets ended the day mixed as investors await the release of earnings reports from US companies.

In Japan, the Nikkei ended a four-day gain at 27,395.01, up 95.82 points, or +0.35%, supported by steelmakers and other cyclical stocks. The best performers were Dai Nippon Printing+14.81%, Suzuki Motor Corp.+5.62%, and Toppan Printing+4.57%. The worst performers were Advantest Corp.-1.11%, Itochu Corp.-1.00%, and SKY Perfect JSAT Holdings Inc.-0.99%.

In Australia, the S&P/ASX 200 closed down at 7,468.30 points, down 22.10 points or -0.30%, and the All Ordinaries closed at 7,688.00 points, down 22.50 points or -0.29% after reports that Australia’s inflation rose more than expected. This could be a factor pushing the Reserve Bank of Australia to move forward with raising interest rates. The worst performers were St Barbara-21.35%, Zip-6.38%, and Nuix-5.91%. The best performers were News Corp B DRC+6.25%, Monadelphous+5.38%, IPH+4.16%.

In South Korea, the Composite Index (KOSPI) rose to 2,428.57 points, up 33.31 points or 1.39%, supported by buying in technology stocks. Investors hope that the US Federal Reserve (Fed) will slow down the interest rate hike. The best performers were Sunny Elec.+27.02%, Jeju Bank+21.09%, and Camus Engineering & Construction+12.63%. The worst performers were Han Kook Steel-11.07%, IIjeong Ind-8.07%, and Dongkuk Steel Mill Co-4.45%.

The Chinese and Hong Kong stock markets were closed today on the occasion of Chinese New Year.

In Thailand, The SET closed down at 1,682.11 points, down -0.83 points or -0.05%. The worst performers were R&B Food Supply-7.30%, Dcon Products-6.67%, and Patgal-6.52%. The best performers were Stonehenge Inter+18.49%, Sky ICT+8.51%, and PP Prime+7.69%.

Leave a Reply

Change Language
%d bloggers like this: