Asia-Pacific Stocks Rally Across Key Indices on October 27th
Japan (Nikkei 225 Index – NIK): Japanese shares surged for the day, with the Nikkei 225 Index recording a notable gain of 1.3%, closing at 30,991.69. The positive movement in Japan’s market contributed to the overall upbeat sentiment in the region.
South Korea (KOSPI Composite Index – 180721): South Korea’s KOSPI Composite Index demonstrated strength, rising by 0.2% to 2,302.81. The positive momentum in South Korean stocks added to the buoyancy of the Asia-Pacific market.
Taiwan (TWSE Index): Taiwan’s stock market experienced a slight uptick, with the TWSE closing at 16,134.61, reflecting a gain of 0.38%. The market in Taiwan contributed to the overall positive trend in the region.
JAKOTA Blue Chip 150 Index showed a noteworthy movement, increasing by 1.16% from 104.74 to 105.95. This positive change signifies strong dynamics in major blue-chip stocks across the Asia-Pacific.
JAKOTA Mid and Small Cap 2000 Index reflected positive market dynamics, rising by 1.15% from 100.51 to 101.66. This indicates favorable conditions for mid and small-cap stocks in the regional market.
Top Gainers:
- ORGANO (6368.TSE) exhibited robust performance with a substantial gain of 14.22%, closing at 31.32 JPY. Investors took note of Organo’s positive momentum in the market after the announcement of Revision of Performance Forecast and Dividend Forecast.
- GOGORO (GGR) displayed strength, achieving a remarkable gain of 10.00%, reaching 2.86 USD. The company recently announced “Two-Wheel SUV”.
- FUTURE (4722.TSE) showcased resilience, recording a gain of 8.02% to 11.04 JPY. Investors found promise after Notice of consolidated financial results (cumulative) for the third quarter of the fiscal year ending December 2023.
- ALTEOGEN (196170.KQ) demonstrated notable growth, posting a gain of 6.89% to 44.24 KRW. The positive movement signaled market confidence in ALTEOGEN’s prospects.
- JLK (322510.KQ) rounded out the top gainers with a gain of 6.74% to 15.2 KRW. The company’s positive performance added to the overall upbeat sentiment in the market.
Top Losers:
- YOUNG POONG PAPER MFG (006740.KO) faced headwinds, registering a significant decline of 30.20% to 17.87 KRW. Investors closely watched the company’s performance amid recent trading suspension and a substantial sum of uncollected money owed to Kiwoom.
- SOCAR (403550.KO) witnessed a notable downturn, experiencing a loss of 15.19% to 12.17 KRW. The company’s performance reflected challenges impacting its shares.
- HD HYUNDAI CONSTRUCTION EQUIPMENT (267270.KO) encountered challenges, recording a loss of 15.12% to 36.61 KRW.
- HD HYUNDAI INFRACORE (042670.KO) faced a decline of 14.00% to 5.53 KRW despite the company’s recent news that Hyundai Infracore’s cumulative operating profit tops acquisition cost in 2 years.
- SAMSUNG ELECTRO-MECHANICS (009150.KO) rounded out the list of top losers with a loss of 13.54% to 93.38 KRW. The company’s performance added to the nuances of trading in the technology sector.
