All data are based on the daily closing price as of October 4, 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 y 006740.KO c 2072.TWO h 7205.TSE s 028050.KO s 4506.TSE
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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.

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