Contrasting Fortunes in the JAKOTA Markets: Nikkei Faces Setback, KOSPI and JAKOTA Indices Surge, TWSE Registers Minor Growth
Japan (Nikkei 225 Index – NIK): Japanese shares fell by 0.4%, closing at 33,539.62. The market’s decline suggested a day of cautious trading, with specific factors influencing select sectors.
South Korea (KOSPI Composite Index – 180721): The KOSPI displayed resilience, posting a gain of 1.6% to reach 2,655.28. Positive sentiments persisted in the South Korean market, driven by sector-specific dynamics and favorable market conditions.
Taiwan (TWSE Index): The TWSE showed slight movement, closing at 17,910.37 with a gain of 0.11%. The index’s marginal increase was influenced by sector-specific factors and limited market activity.
JAKOTA Blue Chip 150 Index gained 1.09%, closing at 119.98 USD. Major blue-chip stocks in the region showed strength, contributing to the index’s positive performance.
JAKOTA Mid and Small Cap 2000 Index saw a notable increase, gaining 0.89% to close at 115.31 USD. The positive movement indicated strength for mid and small-cap stocks in the regional market.
Top Gainers:
- STCube (052020.KQ) surged significantly by 12.94%, closing at 8.87 USD.
- JAC Recruitment (2124.TSE) showed strength with a gain of 11.35%, closing at 4.40 USD.
- Fortune Electric (1519.TW) recorded a notable gain of 9.95%, reaching 10.88 USD.
- Japan Display (6740.TSE) exhibited growth, recording a gain of 9.58% to close at 0.16 USD.
- Nidec Chaun-Choung Technology (6230.TW) witnessed a gain of 9.50%, closing at 4.26 USD. The stock’s positive movement was supported by the company’s Integrated Report for 2023.
Top Losers:
- Connectwave (119860.KQ) recorded a loss of 14.89%, closing at 11.44 USD.
- Wayi International Digital Entertainment (3086.TWO) witnessed a loss of 10.12%, closing at 4.22 USD.
- LuxNet (4979.TWO) faced a decline of 7.13%, closing at 4.56 USD.
- Trend Micro (4704.TSE) recorded a decline of 6.13%, closing at 51.19 USD.
