JAKOTA Markets Exhibit Varied Trends: Strong Gains in Japan and South Korea, Slight Dip in TWSE, Stability in JAKOTA Indices
Japan (Nikkei 225 Index – NIK): Japanese shares surged, rising by 2.5% to close at 33,519.70. The substantial positive movement indicated strong investor confidence, driven by specific factors influencing key sectors.
South Korea (KOSPI Composite Index – 180721): The KOSPI gained 2.2%, reaching 2,486.67. Positive sentiments persisted in the South Korean market, driven by sector-specific dynamics and favorable market conditions.
Taiwan (TWSE Index): The TWSE demonstrated a modest decline, closing at 17,278.74 with a decrease of 0.47%. Sector-specific factors contributed to the slight downward trend in Taiwan’s stock market.
JAKOTA Blue Chip 150 Index remained stable, closing at 115.46 USD, with no significant percentage change. Major blue-chip stocks in the region showed resilience, contributing to the index’s steady performance.
JAKOTA Mid and Small Cap 2000 Index maintained stability, settling at 111.38 USD with no substantial change. The lack of significant movement suggested a balanced outlook for mid and small-cap stocks in the regional market.
Top Gainers:
Tokyo Electric Power (9501.TSE) surged impressively by 10.55%, closing at 5.27 USD. The stock’s strong performance was driven by positive developments in the energy sector and increased investor confidence after the recent announcement about the initiation of operations of subsea power transmission line facilities for the Triton Knoll Offshore Wind Farm in the UK.
Microelectronics Technology (2314.TW) recorded a notable gain of 10.01%, reaching 1.30 USD.
W-Scope Chungju Plant (393890.KQ) showed strength with a gain of 9.75%, closing at 35.68 USD.
Dong-A ST (170900.KO) exhibited robust growth, recording a gain of 8.41% to close at 48.03 USD.
Allis Electric (1514.TW) demonstrated growth, closing at 2.67 USD with a gain of 8.05%.
Top Losers:
EOFLOW (294090.KQ) faced a significant decline of 30.13%, closing at 5.47 USD. The company continues its decline after the announcement of withdrawal of capital increase and release of stock transfer contract due to termination of acquisition contract with Ioflow and Medtronic.
Japan Display (6740.TSE) witnessed a loss of 10.71%, closing at 0.17 USD.
Tfe (425420.KQ) recorded a decline of 9.91%, closing at 22.40 USD.
Rakuten Bank (5838.TSE) faced a decline of 9.05%, closing at 16.79 USD.
STX (011810.KO) witnessed a decline of 7.70%, closing at 10.54 USD. The company announced yesterday the confirmation of the amount of new shares issued by the increase
