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Asian Stock Trends | Nikkei Falls for Four Consecutive Days, Closes Down 50 Points
Asia-Pacific stock markets’ individual developments.
The Japanese stock market continued its decline over the past three days, with the Nikkei Average rising up to 637 points or 1.19%, reaching a high of 54,388 points. In the afternoon, selling pressure emerged, and the market turned downward, falling as much as 268 points or 0.5%, to a low of 53,482 points. The market closed at 53,700 points, down 50 points or 0.09%, marking four consecutive days of decline.
South Korea’s stock market broke above 5,600 points, with the Seoul Composite Index closing at 5,640 points, up 90 points or 1.63%.
Taiwan’s stock market rose, with the Taiwan Weighted Index closing at 33,836 points, up 494 points or 1.48%.
Australia’s stock market remained stable, with the ASX All Ordinaries Index closing at 8,819 points, up 26 points or 0.3%.
The Reserve Bank of Australia raised its benchmark interest rate for the second consecutive month, increasing it by 0.25 percentage points to 4.1%, the highest in 10 months, in line with market expectations.