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

JAKOTA Stocks on October 31, 2023

Japan
South Korea
Taiwan
s 6196.TSE f 6702.TSE a 3911.TSE s 3778.TSE b 6472.TWO y 006740.KO c 2072.TWO h 7205.TSE s 028050.KO s 4506.TSE
Share this on
On Tuesday, October 31st, the Asia-Pacific stock market witnessed a blend of movements, marked by gains in Japan's Nikkei 225 Index, contrasting with a decline in South Korea's KOSPI Composite Index and a dip in Taiwan's TWSE.

Asia-Pacific Stocks Navigate Mixed Terrain

Japan’s Nikkei 225 Index displayed resilience, registering a gain of 0.5% to reach 30,858.85. Positive market dynamics contributed to the upward trajectory of Japanese shares, creating a focal point of strength in the region.

Conversely, the KOSPI Composite Index of South Korean stocks faced headwinds, marking a notable decline of 1.4% to 2,277.99. Market participants closely monitored the performance of key stocks amid the challenging landscape.

The Taiwan Stock Exchange Weighted Index (TWSE) experienced a downturn, slipping from 16,149.68 to 16,001.27. The market in Taiwan reflected the nuanced dynamics of the day.

Top Gainers:

  • Strike (6196.TSE) emerged as a top gainer on the Tokyo Stock Exchange, posting a substantial gain of 15.3% to reach 25.09 USD. The company’s positive momentum resonated with investors after Financial Results for the Fiscal Year Ended September 30, 2023 and Future Measures were published.
  • Fujitsu (6702.TSE) exhibited strength with a commendable gain of 11.88%, reaching 128.08 USD. Recent positive news , such as a world record achievement of 1.2Tbps for optical signal transmission in a field trial by a Japanese joint research group with Fujitsu, has bolstered investor confidence in Fujitsu’s market positioning.
  • Aiming (3911.TSE) demonstrated notable growth, posting a gain of 11.69% to 1.72 USD. The positive movement added to the overall upbeat sentiment in the market after publishing the Summary of financial results for the third quarter of the fiscal year ending December 2023.
  • Sakura Internet (3778.TSE) showcased resilience, recording a gain of 11.58% to 7.9 USD.
  • Bora Pharmaceuticals (6472.TWO) made it to the list of top gainers on the Taiwan Stock Exchange, exhibiting a gain of 9.98% to reach 19.51 USD. The positive movement signaled market confidence in Bora Pharmaceuticals.

Top Losers:

Young Poong Paper Mfg (006740.KO) faced headwinds, registering a significant decline of 29.66% to 6.12 USD. Investors closely watched the company’s performance amid challenges in the market.

Century Wind Power (2072.TWO) witnessed a downturn, experiencing a loss of 19.35% to 6.46 USD. The company’s performance added nuances to the trading landscape.

Hino Motors (7205.TSE) encountered challenges, recording a loss of 18.36% to 2.98 USD.

Samsung Engineering (028050.KO) faced a decline of 12.66% to 17.39 USD, reflecting challenges impacting its shares.

Sumitomo Dainippon Pharma (4506.TSE) rounded out the list of top losers, facing a loss of 10.94% to 2.93 USD. The company’s performance is worsened after presenting the Q2 FY2023 Financial Results.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top