"Asian Stocks" Asian stocks generally rose, Hong Kong stocks repeatedly hit new highs, Hanwha Ocean surged 11% after receiving orders from the U.S. Navy

AASTOCKS
2025.12.23 04:37

The three major U.S. stock indices rose about 0.5% to 0.6% overnight (22nd), and major stock markets in the Asia-Pacific region generally rose this morning (23rd), with Singapore stocks repeatedly hitting new highs.

Mainland A-shares fluctuated upward this morning, with the Shanghai Composite Index rising 13 points or 0.34% to 3,930 points; the Shenzhen Component Index rose 86 points or 0.65% to 13,419 points at midday. The Hong Kong Hang Seng Index closed at 25,848 points, up 47 points or nearly 0.2%, with a turnover of HKD 87.289 billion. The Taiwan stock market rose 90 points or 0.3% to 28,240 points. TSMC rose 1.4%, Hon Hai remained stable, and MediaTek fell 1.1%.

The Japanese yen's gains expanded to 0.6% during the Asian session, with the USD/JPY falling to 156.03. The Nikkei Index slightly fell 6 points in the afternoon, reporting 50,395 points. Shionogi and Takeda Pharmaceutical each rose over 2%; gaming stocks performed well, with Bandai Namco and Nintendo each rising over 2%, and Capcom rising 4.9%. South Korea's Kospi rose 8 points or 0.2% to 4,113 points. SK Hynix and Samsung Electronics rose 0.7% to 0.8%. Hanwha Ocean surged 11.1%, accumulating over 2.2 times this year. U.S. President Trump stated that the U.S. Navy will launch a new class of frigate program and described Hanwha, which cooperates in construction, as "a good company," with the remarks seen as an affirmation of South Korea's military shipbuilding capabilities.

The Australian 200 Index rose 1.1% at the close, reporting 8,797 points. The New Zealand 50 Index rose 9 points or less than 0.1% to 13,517 points at the close.

India's Bombay Index fell 0.25% to 85,349 points. India's Nifty 50 Index slightly fell by less than 1 point to 26,172 points. India's largest IT outsourcing company, Tata Consultancy Services, fell 0.6%, while its peer Infosys fell 1.7%.

The Singapore Straits Index rose to 4,630 points, repeatedly hitting historical highs, and was last reported at 4,628 points, up 18 points or 0.4%. DBS Bank rose 0.7%, OCBC Bank and UOB rose 0.2% to 0.8%, and Sembcorp Industries rose 1.1%. Indonesia's IDX and the Philippines' PSEI slightly fell by 0.3% to 0.4%, while Malaysia's KLCI slightly fell by 0.1%. Thailand's SET 50 rose 0.7%, Vietnam's Hanoi Index slightly rose by less than 0.1%, and the Ho Chi Minh Index rose 1.1%