All data are based on the daily closing price as of May 22, 2024
DAILY MARKET WRAP

JAKOTA Stocks on November 7, 2023

Japan
South Korea
Taiwan
m 6787.TSE c 241710.KQ p 087010.KQ g 4777.TSE t 7231.TSE l 066970.KQ i 457190.KO s 065350.KQ p 003670.KO p 005490.KO
Blue Chip 150
Mid and Small Cap 2000
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On Tuesday, November 7th, the Asia-Pacific stock market encountered challenges as major indices across Japan, South Korea, and Taiwan witnessed declines. Despite notable gains in specific stocks, the overall sentiment leaned towards a cautious market atmosphere. Japanese shares, represented by the Nikkei 225 Index, and South Korean stocks, reflected by the KOSPI Composite Index, experienced downward pressure, contributing to the day's overall market trend. Notably, certain companies in diverse sectors showed resilience, exhibiting positive movements in an otherwise challenging trading session.

JAKOTA Markets Navigate Turbulence: Nikkei, KOSPI Decline While Taiwan Shows Grit, JAKOTA Indices Retreat

Japan’s Nikkei 225 Index (NIK) weakened by 1.3%, closing at 32,271.82. Despite challenges, Japanese stocks grappled with market pressures.

South Korea’s KOSPI Composite Index (180721) experienced a notable decline of 2.3%, settling at 2,443.96. The South Korean market encountered headwinds, impacting various sectors.

Taiwan Stock Exchange Weighted Index (TWSE) saw a modest uptick of 0.21%, reaching 16,684.95. Taiwan’s market displayed resilience amid broader regional fluctuations.

JAKOTA Blue Chip 150 Index dropped to 111.40 USD, marking a decrease of 1.45%. Major blue-chip stocks showed a decline, contributing to the overall market equilibrium.

JAKOTA Mid and Small Cap 2000 Index also declined to 106.22 USD, reflecting a decrease of 1.43%. Mid and small-cap stocks faced challenges in the regional market.

Top Gainers:

  • Meiko Electronics (6787.TSE): The company’s stock surged by 19.49% to 27.57 USD, indicating robust market momentum. Investors responded positively to Meiko Electronics’ recent financial results announcement as well as a surplus dividend.
  • Cosmecca Korea (241710.KQ): With an increase of 15.51% to 28.28 USD, Cosmecca Korea demonstrated strong growth. Market sentiment favored the company’s position in the cosmetic industry after the 3rd Quarter 2023 IR Book was published.
  • Peptron (087010.KQ): Experiencing a temporary decline in stock prices yesterday, concerns arose among shareholders. However, the market dynamics have taken a positive turn today, with a significant 11.37% gain, bringing the stock value to $22.91 USD. Investors are now witnessing a notable rebound in Peptron’s performance. The surge in stock value can be attributed to a reassuring announcement addressing the recent dip. Peptron management released a statement dismissing unfounded rumors and shedding light on significant developments in their pipeline.
  • Gala (4777.TSE): Gala’s stock rose by 10.41% to 2.26 USD, showcasing resilience in the market.
  • Topy Industries (7231.TSE): With a gain of 10.21% to 18.58 USD, Topy Industries exhibited strength. The company published today the Summary of financial results for the second quarter of the fiscal year ending March 31, 2024 as well as a Notice regarding the difference between the second quarter performance forecast and actual value and the revision of the dividend forecast (dividend increase).

Top Losers:

  • L&F (066970.KQ): L&F faced headwinds, registering a significant decline of 14.96% to 117.72 USD. Investors closely watched the company’s performance amid poor performance reflected in 2023 3rd quarter performance briefing material.
  • ISU Specialty Chemical (457190.KO): With a decrease of 14.46% to 107.94 USD, ISU Specialty Chemical encountered challenges. Market dynamics impacted the company’s shares.
  • Shinsung Delta Tech (065350.KQ): The stock declined by 12.39% to 24.59 USD, reflecting market complexities. Investors monitored Shinsung Delta Tech’s performance amid broader industry trends.
  • POSCO Chemical (003670.KO): POSCO Chemical recorded a loss of 10.67% to 230.26 USD. The company faced challenges despite its prominent position in the chemical sector.
  • POSCO (005490.KO): With a similar decline of 10.67% to 343.91 USD, POSCO’s performance added to the complexities of trading in the metals and steel industry.
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