"Asian Stocks" Asian stocks developed individually, with the Nikkei recovering over 700 points, while mining stocks dragged down the Australian stock market

The Asia-Pacific stock markets showed mixed developments today (22nd), with Japanese and South Korean stock markets rising, while the Australian, New Zealand, and Taiwanese stock markets were soft. Gold mining stocks in many regions significantly declined along with gold prices.

The People's Bank of China conducted a net injection of 94.7 billion yuan through a seven-day reverse repurchase operation in the open market. The Shanghai Composite Index closed at 3,899 points, down 17 points or 0.4%; the Shenzhen Component Index closed at 12,971 points, down 105 points or 0.8%. The Hong Kong Hang Seng Index fell 329 points or 1.3%, closing at 25,697 points, with a turnover of 128.1 billion yuan. The Taiwan Weighted Index dropped 64 points or 0.2%, closing at 27,687 points. TSMC fell 1%, while Hon Hai and Largan Precision rose 1.5% and 2.2%, respectively.

Japanese stocks recovered from an early drop of over 700 points and turned positive, with the Nikkei Index rising 34 points or 0.1%, closing at 49,350 points. Nissan and Toyota stocks rose 3.7%, Honda rose 4.3%, Fast Retailing rose 1.1%, while SoftBank fell 4.7%. The South Korean Kospi Index rose 33 points or 0.9%, closing at 3,857 points. LG Energy Solution and Hyundai Heavy Industries each rose over 2%, while Hanwha Aerospace rose 4.1%.

The Australian S&P/ASX 200 Index fell 70 points or 0.8% at the close, ending at 9,024 points. Gold mining stock Newmont fell 8.9%, while mining stocks BHP and Rio Tinto fell 1.7% and 1.9%, respectively. The New Zealand Exchange 50 Index fell 71 points or 0.5%, closing at 13,306 points.

The Singapore Straits Times Index rose 11 points or 0.3%, closing at 4,392 points. DBS and Singapore Airlines rose 1.1%, while Sembcorp Industries rose 2.6%. Jardine Matheson fell 4.3%, and China National Gold fell 10.7%.

In other Southeast Asian stock markets, Malaysia and Indonesia fell 0.3% and 0.4%, respectively, while Thailand rose 0.6%. The Hanoi and Ho Chi Minh stock markets in Vietnam fell 0.2% and 0.5%, respectively, and the Philippine stock market fell 0.7%.

The Indian stock market is closed for a holiday