Challenging Day for JAKOTA Stocks: Major Indices in Japan, South Korea, and Taiwan Dip, JAKOTA Indices Also Experience Declines
Japan (Nikkei 225 Index – NIK): Japanese shares faced a substantial decline, falling by 1.4% to close at 32,775.82. 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 notable weakening, dropping by 0.8% to 2,494.28. South Korean stocks encountered challenges, influenced by industry-specific dynamics and overall market conditions.
Taiwan (TWSE Index): The TWSE demonstrated a marginal decline, closing at 17,328.01 with a decrease of 0.54%. Sector-specific factors contributed to the slight downward trend in Taiwan’s stock market.
JAKOTA Blue Chip 150 Index saw a notable decrease, closing at 115.46 USD, indicating negative movements in major blue-chip stocks.
JAKOTA Mid and Small Cap 2000 Index experienced a decline, settling at 110.83 USD with a decrease of 0.67%.
Top Gainers:
- Hankook & Company (000240.KO) surged impressively by 29.84%, closing at 16.14 USD, following the announcement that private equity firm MBK Partners has launched a tender offer to acquire a minimum of a 20.35% stake in Hankook & Co.
- EOFLOW (294090.KQ) recorded a substantial gain of 15.94%, reaching 8.29 USD. Positive industry trends and improved market conditions supported the stock.
- STCube (052020.KQ) showed strength with a gain of 14.47%, closing at 7.69 USD. Recent developments and increased investor confidence contributed to the positive movement.
- Seegene (096530.KQ) exhibited robust growth, recording a gain of 12.12% to close at 19.39 USD. Strong performance indicators and market optimism fueled the positive momentum.
- Allis Electric (1514.TW) demonstrated growth, closing at 2.41 USD with a gain of 10.37%. Sector-specific factors and favorable market conditions influenced the positive movement.
Top Losers:
- STX (011810.KO) faced a significant decline of 13.59%, closing at 11.64 USD.
- PSK HOLDINGS (031980.KQ) witnessed a loss of 9.75%, closing at 17.18 USD. Specific market conditions and external factors impacted the stock’s performance.
- Lunit (328130.KQ) faced a moderate decline of 9.63%, closing at 60.23 USD.
- Voltronic Power Technology (6409.TW) recorded a decline of 9.46%, closing at 47.15 USD. Challenges in the technology sector and changes in investor sentiment influenced the negative movement.
- Nomura Micro Science (6254.TSE) witnessed a decline of 8.98%, closing at 74.08 USD.
