Japan Stocks Gain as Taiwan and Australia Stocks Plummet

Japan Stocks

Japan stocks inched up after the close on Tuesday, as gains from Pharmaceutical Industry, Non-Metal Minerals, and Shipbuilding sectors helped share to rise.

At Tokyo’s close, the Nikkei 225 surged 0.23 percent, which also hit a new three months high. Nikkei 225’s best performers during the session were: Sharp Corp. which climbed 13.64 percent or 18.0 points, to trade at 150.0 at the closing session. Pioneer Corp. also jumped 5.52 percent or 19.0 points, to settle at 363.0. As for Nitto Denko Co, it hiked 5.30 percent or 442.0 points, which closed at 8788.0.

However, there were also those who did not perform very well, including Fuji Electric Co. Ltd which dropped 2.28 percent or 13.0 points, to trade at 557.0 at the session ending, and as for NKSJ Holdings, Inc., it plunged 2.07 percent or 84.0 points, which settled at 3975.0. Furukawa Co., Ltd also slumped 1.97 percent or 5.0 points to 249.0.

On the Tokyo Stock Exchange, surging stocks outpaced tumbling ones by 1229 to 644.

Shares in Pioneer Corp. grew 5.52 percent or 19.0 to 363.0, up to its three years highs.

On the other hand, the Nikkei Volatility that measure implied volatility of Nikkei 226 options dipped 1.47 percent to 20.16, a new 3 months low.

Investors are looking forward to latest Japanese data to be released later this week, including inflation and spending figures, as well as details of a government spurs package. The readings were followed by Japans economy decline into another recession, which is the second in Prime Minister Shinzo Abe’s near three years premiership.

According to an analyst, “We will probably see more speculation come out about various stimulating government policies and that will be a plus for stocks.”

Toyota jumped 0.70 percent to 7,636, as Sony also gained 0.67 percent to 3,307.

Automobile make Nissan plummeted 0.88 percent, to 1,293.

Taiwan Stocks

Stocks in Taiwan edged down after the close on Tuesday, as declines from Optoelectronic and Machinery sectors dragged shares lower.

At Taiwan close, the Taiwan Weighted slumped 1.01 percent. Its best performers during the session include SVBI which gained 9.89 percent or 6.10 points and traded at 67.80 at the close. As for Sumagh High-Te, it climbed 9.89 percent or 0.81 points, and settled at 9.00, while Azurewave also rose 9.78 percent or 1.80 points to 20.20 at the closing.

Its performers with unsatisfactory results were Chien Shing Ss, which dove 10.00 percent or 0.18 points to trade at 1.62 at the session ending. Twinhead International also plunged 9.81 percent or 26 points to 2.39, while Yoko Tech slid 9.94 percent or 0.98 points to end at 8.88.

On the Taiwan Stock Exchange, plunging stocks surpassed appreciating ones by 639 to 198, while five remained the same.

Australia Stocks

Australia stocks slumped after the close on Tuesday, as losses in the Materials, Gold and Metals & Mining sector dragged down the shares.

In the session ending, the Standard & Poor/ASX 200 plunged 0.95 percent.

Its best performers on the session in Standard & Poor/ASX 200 were Paladin Energy Ltd which hiked 2.27 percent or 0.005 points, which ended at 0.220, while Mineral Resources Ltd also edged higher 2.61 percent or 0.130 points, to trade at 5.120 at session ending. As for Mirvac Group, it added 2.12 percent or 0.040 points to 1.930 at session close.

However, there were those who did not perform well like Mesoblast Ltd which declined 8.14 percent or 0.140 points, and traded at 1.580 at the close, while Slater & Gordon Ltd also dropped 6.98 percent or 0.150 points to 2.000. Select Harvests Ltd also tumbled 7.15 percent or 0.740 points to end at 9.610.

Standard & Poor/ASX 200 VIX, which measures the implied volatility of Standard & Poor/ASX 200 options, gained 0.23 percent to 17.618.

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