Asia Pacific: Stocks in Japan and South Korea rose about 2%

2022-05-17 0 By

Most asia-pacific markets rose on Wednesday, with Japan and South Korea up about 2 percent and Australia up more than 1 percent.The Nikkei 225 index rose 2.22% to 27,460.40.Airlines, shipping, machinery, insurance and chemicals led gains, but mining and energy stocks were among the biggest decliners.Among them, Kawasaki (T:9107) rose 6.55% and Nippon Steel (T:5631) 6.45%.Meanwhile, chip stocks followed the U.S. stocks, with Tokyo Electronics (T:8035) up 4.91%, Advantest(T:6857) up 4.78%, and Sungo (T:3436) up 1.58%.South Korea’s KOSPI index rose 1.99% to 2,729.68.Most sectors rose, entertainment, pharmaceutical, chemical, financial, auto parts, semiconductor or the top.Australia S&The P/ASX200 index rose 1.08 per cent to 7,284.90.Health care stocks led the way, real estate stocks followed futures, and energy and mining stocks retreated slightly.In Southeast Asia and South Asia, Singapore’s Straits Times Index was up 0.54% at the time of writing;Vietnam’s VN30 index fell 0.20%;Indonesia’s Jakarta Composite index rose 0.53%;The Philippine Composite Stock Index rose 1.95%;India’s Bombay 30 index rose 0.20%;Malaysia’s Kospi index fell 0.03%.Thailand’s stock market was closed for a holiday.