JAKOTA Stocks Show Diverse Trends: Nikkei and KOSPI Drop, Slight Uptick in JAKOTA Indices, TWSE Experiences Modest Decline
Japan (Nikkei 225 Index – NIK): Japanese shares weakened, declining by 1.6% to close at 33,140.47. The market’s negative movement reflected specific factors influencing key sectors, contributing to cautious investor sentiment.
South Korea (KOSPI Composite Index – 180721): The KOSPI displayed a moderate decline, dropping by 0.5% to 2,600.02. South Korean stocks faced challenges, influenced by sector-specific dynamics and overall market conditions.
Taiwan (TWSE Index): The TWSE showed a slight decrease, closing at 17,543.74 with a decline of 0.52%. Sector-specific factors contributed to the modest downward trend in Taiwan’s stock market.
JAKOTA Blue Chip 150 Index experienced a minor increase, closing at 117.28 USD with a rise of 0.19%. Major blue-chip stocks in the region showed resilience, contributing to the index’s positive movement.
JAKOTA Mid and Small Cap 2000 Index saw a slight increase, closing at 119.31 USD with a rise of 0.06%. The movements suggested a balanced outlook for mid and small-cap stocks in the regional market.
Top Gainers:
- Akatsuki (3932.TSE) surged impressively by 24.29%, closing at 17.48 USD. Akatsuki enters into capital and business alliance agreements with Sony and Koei Tecmo.
- ALTEOGEN (196170.KQ) recorded a substantial gain of 20.85%, reaching 66.77 USD.
- Posco Dx (022100.KQ) showed strength with a gain of 16.50%, closing at 45.62 USD. The company announced last week that it is going to develop a robot system for high-risk processes.
- Cube Entertainment (182360.KQ) demonstrated growth, closing at 14.38 USD with a gain of 13.29%.
- Peptron (087010.KQ) exhibited robust growth, recording a gain of 10.41% to close at 26.56 USD. The positive momentum reflected strong performance indicators and market optimism.
Top Losers:
- HMM (011200.KO) faced a decline of 11.75%, closing at 14.80 USD. Kim Hong-kuk, the chairman of Harim Group that recently took over HMM, South Korea’s flagship carrier, shared his ambitions to grow HMM into one of the world’s five largest shipping companies.
- Harim Holdings (003380.KQ) recorded a loss of 10.69%, closing at 5.96 USD.
- ABEJA (5574.TSE) faced a decline of 8.61%, closing at 20.79 USD.
- Toyo Construction (1890.TSE) witnessed a loss of 8.54%, closing at 7.41 USD. The stock performance was negatively affected after the recent news that the investment firm managing the wealth of Nintendo’s founding family withdraws tender offer for Toyo Construction.
- OBI Pharma (4174.TWO) recorded a decline of 8.04%, closing at 2.26 USD.
