Resilient Nikkei and Growing JAKOTA Indices Offset by KOSPI’s Dip, TWSE Holds Steady
Japan (Nikkei 225 Index – NIK): Japanese stocks displayed resilience, posting a gain of 0.5% to reach 33,585.20. Specific market factors contributed to the positive movement in Japan.
South Korea: The KOSPI Composite Index faced a slight decline, dropping by 0.7% to 2,469.85. The South Korean market reflected nuanced dynamics across various sectors.
Taiwan (TWSE Index): The Taiwan Stock Exchange Weighted Index (TWSE) maintained a modest uptrend, closing at 17,208.95 with a gain of 0.22%. Sector-specific influences contributed to Taiwan’s market movements.
JAKOTA Blue Chip 150 Index recorded a commendable 0.45% increase, closing at 114.66 USD, reflecting positive movements in major blue-chip stocks. Specific market factors contributed to the uptick.
JAKOTA Mid and Small Cap 2000 Index experienced growth, marking a 0.63% increase to close at 108.17 USD. The movements indicated positive dynamics for mid and small-cap stocks in the regional market.
Top Gainers:
- Daewoong (003090.KO) exhibited significant growth, registering a gain of 15.41% to close at 13.03 USD.
- GNI Group (2160.TSE) showed strength with a gain of 11.50%, closing at 19.02 USD. Positive market sentiment continues after Summary of consolidated financial results for the third quarter of the fiscal year ending December 2023 was published on Wednesday.
- Jeju Air (089590.KO) experienced a notable gain of 10.86%, closing at 8.90 USD. The positive momentum continued after the Quarter Report was released on Tuesday.
- CJ Logistics (000120.KO) recorded a gain of 10.77%, closing at 65.10 USD. The company’s market moves and strategic positioning attracted investor interest.
- Getac Holdings (3005.TW) witnessed a gain of 10.11%, closing at 2.83 USD. The stock’s performance continues to be positive after the company reported Third Quarter Results on Monday.
Top Losers:
- JYP Entertainment (035900.KQ) experienced a loss of 9.36%, closing at 67.26 USD. The company announced recently its new partnership with Live Nation for Global K-Pop Tours and there were no indicators for significant price drop today.
- YG Entertainment (122870.KQ) recorded a decline of 8.99%, closing at 39.10 USD.
- Sam Chun Dang Pharm (000250.KQ) faced a loss of 8.94%, closing at 45.88 USD. Specific market factors and industry dynamics influenced the stock’s performance.
- Chong Kun Dang Pharmaceutical (185750.KO) recorded a decline of 8.43%, closing at 86.70 USD. The company’s performance added nuances to the day’s trading in the pharmaceutical sector.
- Furuya Metal (7826.TSE) saw its stock decline by 8.36%, closing at 62.89 USD.
