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Japan Leads Regional Gains

Asia-Pacific markets traded mostly higher after the S&P 500 closed at a new high for 2023 and the Dow Jones Industrial Average saw a third straight day of gains.

In Japan, the Nikkei 225 soared 623.9 points, or 2%, to 32,265.17, leading gains in the region.

The top gainer on the index was video game company Konami, which climbed 5.79%. Konami is known for creating the Metal Gear and Silent Hill series of games.

Other names on the top gainers list were retail giant Fast Retailing, chemicals company Mitsui and Co, and Daikin Industries, the world’s largest air conditioner manufacturer.

In Hong Kong, the Hang Seng gained 90.77 points, or 0.5%, to 19,389,95.

Korean stocks gained ground, to their highest level since June 2022.


In China, the CSI 300 index advanced 16.51 points, or 0.4%, to 3,836,70.

Investors digested China’s consumer price index, which saw a 0.2% rise in May and its producer prices that fell 4.6% year on year, marking the steepest drop since May 2016.

In other markets

In Korea, the Kospi Index recovered 30.31 points, or 1.2%, to 2,641.16.

In Taiwan, the Taiex index rocketed up 152.71 points, or 0.9%, to 16,886.40.

In Singapore, the Straits Times index edged forward 0.36 points to 3,186.97.

In New Zealand, the NZX 50 lost 25.4 points, or 0.2%, to 11,690.34

In Australia, the ASX 200 climbed 22.86 points, or 0.3%, to 7,122.51.