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Asia Stocks Trend | Japanese Stocks Close 230 Points Lower, Little Change Throughout the Week
U.S. stocks declined overnight, with the Nasdaq dropping over 2% as the market is concerned that the U.S. and Iran may fail to reach a ceasefire agreement, and Asia-Pacific stock markets followed suit.
The Japanese stock market fell for two consecutive days, with the Nikkei average momentarily dropping below the 53,000-point mark, down as much as 1,086 points or 2.03%, reaching a low of 52,516 points before stabilizing, with the decline gradually narrowing, and at one point rising by 111 points or 0.21%, reaching a high of 53,714 points. However, it softened again towards the end, closing the day at 53,373 points, down 230 points or 0.43%. For the week, it accumulated less than 1 point.
The South Korean stock market was under pressure, with the Seoul Composite Index closing at 5,438 points, down 21 points or 0.4%.
The Taiwanese stock market declined, with the Taiwan Weighted Index closing at 33,112 points, down 225 points or 0.68%.
The Australian stock market was slightly soft, with the Australian All Ordinaries Index closing at 8,712 points, down 13 points or 0.16%.