A Tokyo Stock Exchange set a new record and the South Korea reached the ninth consecutive historical high on a day of different performances from asian bags this Wednesday (14).
In Japan, the market continues to be driven by growing expectations of a possible general election being called in the country, a development that could consolidate Prime Minister Sanae Takaichi’s political position.
The Japanese Nikkei index rose 1.5% to 54,341.23 points. Taiyo Yuden rose 6.9% and Yaskawa Electric rose 6.6%. Shiseido advanced 5.9%.
After bilateral talks, Takaichi and South Korean President Lee Jae Myung confirmed the “strategic importance” of ties between their countries during a meeting in Nara on Tuesday. Both agreed to strengthen economic security cooperation.
In Seoul, the Kospi advanced 0.6%, closing at 4,723.10 points.
Already China mainland, the Shanghai Composite fell 0.31% to 4,126.09 points, and the less comprehensive Shenzhen Composite rose 0.65% to 2,693.41 points.
Chinese exports increased above expectations, showing that the country continues to find resilience to American tariffs. THE
Elsewhere in Asia, the Hang Seng rose 0.6% in Hong Kongat 26,999.81 points. Alibaba Health Information Technology jumped 19%, benefiting from investor optimism that the company is well-positioned to profit from the industry’s use of AI.
Sino Biopharmaceutical shares rose 2.89% after the Chinese pharmaceutical giant announced plans to acquire Hangzhou Hygieia Biomedical for up to 1.2 billion Chinese yuan, equivalent to US$172 million.
Hygieia is a Chinese startup specializing in the research and development of innovative medicines with a strategic focus on chronic diseases, such as weight control, cardiovascular diseases and neurological disorders.
Taiex rose 0.8% in Taiwan, to 30,941.78 points.
In Oceania, the Australian stock market rose and the S&P/ASX 200 gained 0.14%, at 8,820.60 points.
