JAKOTA Markets Encounter Headwinds: Key Indices Experience Downturn
Japan (Nikkei 225 Index – NIK): Japan’s Nikkei 225 Index NIK, -1.91% faced a challenging day, weakening by 1.9% to 31,430.62.
South Korea (KOSPI Composite Index – 180721): The KOSPI Composite Index 180721, -1.90% of South Korean stocks also saw a decline of 1.9%, settling at 2,415.80.
Taiwan (TWSE Index): Meanwhile, the Taiwan Stock Exchange Weighted Index displayed resilience, edging up by 0.07% to 16,452.73.
Top Gainers:
- Heung–A Shipping (003280.KQ): The stock surged by an impressive 15.2%, closing at 2350 KRW. Heung–A Shipping demonstrated robust performance and even received a caution notice: “The following stocks will be designated as investment caution stocks on October 23, 2023 (1 day), so please be careful when investing.”
- Socar (403550.KQ): With an increase of 12.12%, Socar reached 17020 KRW. The company’s positive momentum reflected investor confidence in its prospects.
- Gravity Co. Ltd (3629.TW) gained 5.9%, closing at 30.5 TWD. The company’s shares exhibited strength in the Taiwan market, contributing to positive sentiment.
- Kitanotatsujin Corp (2930.TSE): The Japanese company recorded a gain of 5.13%, reaching 205 JPY. Investors in Japan took note of Kitanotatsujin Corp’s after publication of Transcript of Financial Results Briefing for the Second Quarter FY2024.
- Jesco Holdings Inc. (1434.TSE) showed resilience, posting a gain of 5.03% and closing at 773 JPY. The company’s performance attracted attention in the Japanese market.
Top Losers:
- Yuke’s Co. Ltd (4334.TSE) faced headwinds, registering a notable decline of 23.06%, closing at 1001 JPY. Investors closely monitored the challenges impacting the company.
- Shinpoong Pharm (019170.KQ): The South Korean pharmaceutical company encountered a decline of 18.96%, closing at 11030 KRW. Market dynamics in South Korea played a role in its performance.
- Zaigle (234920.KQ) saw a decline of 14.68%, closing at 16100 KRW. The company faced challenges, reflecting market trends in South Korea.
- Doosan Bobcat (241560.KQ) recorded a loss of 11.76%, closing at 45000 KRW. The company’s performance was scrutinized by investors in South Korea.
- JLK (322510.KQ) faced a downturn, closing at 17610 KRW with a loss of 9.92%. The company’s shares encountered challenges in the South Korean market.
Stay tuned for further updates and analysis as market conditions continue to evolve.
