Growth of Stock Indexes in Japan and South Korea, Decline in China and Australia

Stock indexes in Japan and South Korea are rising, while China and Australia are experiencing a decline

Stock market chart
Stock market chart, illustrative photo / pexels.com

On Thursday, the markets in Japan and South Korea showed growth, while the indexes in China and Australia went down, reports "Interfax-Ukraine".

In Japan, the Nikkei 225 added 0.2%, updating its peak after a decline in the last four trading sessions.

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The leaders of growth were shares of Mitsubishi Materials with a plus of 8%, energy giants Kansai and Tokyo Electric Power, which increased by 6.5% and 6% respectively, as well as Sumitomo Metal Mining and Mitsui Mining & Smelting with a gain of 6.7% and 4.6%.

Shares of Nissan and Honda also grew by 2.3% and 1.2%, Sony by 0.4%, Softbank Group by 0.7%.

At the same time, technology companies showed a decline: Advantest Corp. lost 1.8%, Renesas Electronics - 0.8%, Tokyo Electron - 0.7%, Screen Holdings - 0.2%.

In South Korea, the Kospi rose by 0.8%, with shares of Samsung and Hyundai Motor growing by 0.1% and 2.2%. However, shares of Posco and Korean Air Lines fell by 0.8% and 0.5%.

In China, the Shanghai Composite decreased by 0.3%, Hang Seng in Hong Kong - by 0.9%.

The biggest drops were shown by shares of WuXi AppTec, Wuxi Biologics, and Xinyi Solar.

Meanwhile, shares of Zijin Mining Group, Longfor Group, China Resources Land, Sino Biopharmaceutical, BYD, China Petroleum & Chemical Corp., and PetroChina Co. showed growth.

The Australian S&P/ASX 200 lost 0.2%. Among the leaders of the decline were shares of AVZ Minerals, Neuren Pharmaceuticals, and Paladin Energy, while BHP and Rio Tinto rose by 2.7% and 1.9%.

As a reminder, Japan is launching a new visa for "digital nomads" from 49 countries, offering foreigners the opportunity to combine remote work with living in the country for up to six months.

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