Contrasting Fortunes Across JAKOTA: Nikkei Faces Significant Decline, KOSPI and TWSE Rise, Mixed Results in JAKOTA Indices
Japan (Nikkei 225 Index – NIK): Japanese shares experienced a significant decline, falling by 1.7% to close at 32,307.86. The market’s negative movement reflected specific factors influencing key sectors and contributed to cautious investor sentiment.
South Korea (KOSPI Composite Index – 180721): The KOSPI displayed resilience, posting a gain of 1.0% to reach 2,517.85. Positive sentiments persisted in the South Korean market, driven by sector-specific dynamics and favorable market conditions.
Taiwan (TWSE Index): The TWSE demonstrated positive momentum, closing at 17,383.99 with an increase of 0.61%. Sector-specific factors contributed to the upward trend in Taiwan’s stock market.
JAKOTA Blue Chip 150 Index experienced a decline, closing at 115.46 USD, indicating negative movements in major blue-chip stocks. Specific market factors influenced the downtick.
JAKOTA Mid and Small Cap 2000 Index maintained stability, settling at 111.39 USD with a marginal gain of 0.11%. The movements suggested a balanced outlook for mid and small-cap stocks in the regional market.
Top Gainers:
- Benefit One (2412.TSE) surged impressively by 25.66%, closing at 13.08 USD. The stock’s strong performance was driven by higher bid for the company from Dai-Ichi Life, that should take the deal away from M3 Inc.
- Pasona Group (2168.TSE) recorded a notable gain of 20.90%, reaching 19.21 USD. The stock benefited from the recent Notice regarding the start of the tender offer of Benefit One Co., Ltd. by Dai-ichi Life Holdings Co., Ltd.
- Vuno (338220.KQ) showed strength with a gain of 11.35%, closing at 31.06 USD.
- Zeus (079370.KQ) exhibited robust growth, recording a gain of 10.61% to close at 34.19 USD. The company released a Half Year Report last week.
- Supreme Electronics (8112.TW) demonstrated growth, closing at 1.95 USD with a gain of 9.96%. Sector-specific factors and favorable market conditions, including expectations of rising memory chip prices, are anticipated to boost revenue, according to Supreme.
Top Losers:
- EOFLOW (294090.KQ) faced a significant decline of 29.42%, closing at 3.86 USD.
- Beauty Garage (3180.TSE) witnessed a loss of 15.34%, closing at 13.74 USD.
- MITSUI E&S (7003.TSE) recorded a decline of 8.99%, closing at 3.72 USD. The stock’s decline was influenced by challenges in the engineering and construction sector and changes in market conditions.
- NCsoft (036570.KO) faced a decline of 8.80%, closing at 179.81 USD, even though a new deal with Sony came through.
- Manyo Factory (439090.KQ) witnessed a decline of 8.59%, closing at 14.83 USD.
