Varied Market Performance Across JAKOTA: Japan’s Nikkei Falls Slightly, South Korea and Taiwan Post Gains, JAKOTA Indices Remain Strong
Japan (Nikkei 225 Index – NIK): The Nikkei 225 Index faced a minor decline, falling by 0.3% to close at 33,424.41. Specific market dynamics influenced the movement of Japanese stocks.
South Korea (KOSPI Composite Index – 180721): South Korean stocks posted modest gains, rising by 0.1% to reach 2,488.18. The market’s performance reflected a nuanced balance between various sectors.
Taiwan (TWSE Index): The Taiwan Stock Exchange Weighted Index (TWSE) continued its positive momentum, closing at 17,171.18 with a gain of 0.25%. Sector-specific factors contributed to the upbeat trend in Taiwan’s stock market.
JAKOTA Blue Chip 150 Index recorded a notable increase of 0,51%, closing at 114.04 USD, indicating positive movements in major blue-chip stocks. Specific market factors influenced the uptick.
JAKOTA Mid and Small Cap 2000 Index experienced stability, closing at 107.51 USD. The movements suggested consistent dynamics for mid and small-cap stocks in the regional market.
Top Gainers:
- LEENO Industrial (058470.KQ) exhibited significant growth, registering a gain of 15.31% to close at 126.66 USD. The stock’s robust performance reflected specific market dynamics and industry conditions.
- GNI Group (2160.TSE) showed strength with a gain of 14.01%, closing at 17.06 USD. Positive 3rd Quarter Results helped the performance.
- Abalance (3856.TSE) demonstrated robust growth, recording a gain of 13.37% to close at 27.46 USD. The positive momentum continues, after the 1st Quarter Results were published on Tuesday.
- TSE (131290.KQ) experienced a notable gain of 13.01%, closing at 37.69 USD. Positive market sentiment and company-specific factors contributed to the stock’s positive momentum.
- JW Pharmaceutical (001060.KO) registered a gain of 12.60%, closing at 22.15 USD.
Top Losers:
- Japan Business Systems (5036.TSE) faced a decline of 11.30%, closing at 8.10 USD.
- Outin Futures (227610.KQ) experienced a loss of 8.38%, closing at 1.58 USD.
- Evergreen International Storage & Transport (2607.TW) recorded a decline of 7.99%, closing at 0.90 USD. The stock’s performance added nuances to the day’s trading in the transportation sector.
- TRYT (9164.TSE) faced a loss of 7.65%, closing at 4.03 USD. The company released its Financial Results and revised its Forecast earlier this week which affected the stock performance.
- Vuno (338220.KQ) witnessed a decline of 7.26%, closing at 27.38 USD. The company’s price continues to decline after the Q3 results were published during Tuesday’s company briefing session.
