A Surge of Confidence: Japan and South Korea Lead, JAKOTA Indices Follow Suit
Japan (Nikkei 225 Index – NIK): Japanese shares demonstrated strength, rising by 1.5% to 32,646.46. The positive momentum in Japan’s market contributed to the overall upbeat sentiment in the region.
South Korea (KOSPI Composite Index – 180721): The KOSPI rose by 0.2% to 2,427.08, indicating a day of cautious optimism for South Korean stocks. Various factors influenced the performance of key companies.
Taiwan (TWSE Index): The TWSE displayed a marginal gain, closing at 16,745.65, suggesting a subdued market trend. Specific sectors contributed to the positive movement.
JAKOTA Blue Chip 150 Index increased to 110.96 USD (0.95%), signaling a slight uptick in major blue-chip stocks. Notable movements were observed within the index.
JAKOTA Mid and Small Cap 2000 Index rose to 105.81 USD (0.46%), reflecting positive market dynamics for mid and small-cap stocks. Certain companies within the index stood out with distinctive performances.
Top Gainers:
- TOWA (6315.TSE) surged by 16.40%, reaching 40.69 USD. Investors responded positively to Q2 Financial Results and Business Results published yesterday.
- Roland (7944.TSE) demonstrated strong performance, gaining 15.73% and closing at 33.10 USD. The company’s positive results attracted investor interest.
- Nichicon (6996.TSE) posted a gain of 11.86%, closing at 9.42 USD.
- Sinko Industries (6458.TSE) exhibited a gain of 10.70%, reaching 17.59 USD, indicating resilience and market confidence in the company’s Earnings Guidance for the Full Year Ending March 31, 2024.
- Mitsubishi Gas Chemical Company (4182.TSE) saw an increase of 10.67%, closing at 14.93 USD, reflecting positive sentiment. Mitsubishi Gas Chemical’s Fiscal H1 EPS Falls to 152.67 Yen as Net Sales Rise 1.2% to 399.65 Billion Yen (Consolidated Financial Statement).
Top Losers:
- Lunit (328130.KQ) faced a notable decline, dropping by 47.48% to 66.84 USD.
- FADU (440110.KQ) experienced a loss of 29.75%, closing at 18.02 USD, reflecting challenges within its industry. Market dynamics and specific factors contributed to the downturn.
- Sun* (4053.TSE) recorded a decline of 17.50%, closing at 7.64 USD, facing headwinds in its sector. The company’s performance after publishing the Third Quarter Report for the Fiscal Year Ending December 2023 added nuances to the day’s trading.
- Fukuyama Transporting (9075.TSE) saw a loss of 11.45%, closing at 24.30 USD, reflecting challenges in the transportation and logistics sector.
- Sharp (6753.TSE) faced a decline of 11.33%, closing at 6.05 USD, influenced by market trends and industry dynamics as well as recent Financial Results.
