"Asian Stocks" Asia-Pacific stock markets generally rise, with some Japanese and South Korean chip stocks rebounding

The market digests U.S. economic data, and stock markets in the Asia-Pacific region generally rise. The Shanghai, Shenzhen, Hong Kong, Taiwan, and Japanese and South Korean stock markets rebound.

The People's Bank of China conducted a seven-day reverse repurchase operation, netting a withdrawal of 143 billion yuan in a single day. The Shanghai Composite Index closed at 3,831 points, up 6 points or 0.2%; the Shenzhen Component Index closed at 13,021 points, up 106 points or 0.8%. The Hang Seng Index rose 56 points or 0.2%, closing at 25,291 points, with a turnover of 84.9 billion yuan. The Taiwan Weighted Index rose 87 points or 0.3%, closing at 27,623 points. MediaTek rose 0.7%, while Hon Hai fell 0.5%. TSMC remained flat at 1,435 New Taiwan dollars.

Japan's Nikkei Average rose 61 points or 0.1%, closing at 49,444 points. Kioxia rose 5.7%, while SoftBank and Fast Retailing rose 0.2% and 0.7%, respectively. South Korea's Kospi Index rose 27 points or 0.7%, closing at 4,026 points. Samsung Electronics and SK Hynix each rebounded over 3%. India's Nifty50 Index fell 28 points or 0.1%, closing at 25,831 points. State Bank of India and Shriram Finance rose 1.5%, while Adani Enterprises fell 0.7%.

Australia's S&P/ASX 200 Index fell 19 points or 0.2%, closing at 8,579 points. Commonwealth Bank of Australia fell 1.4%, while gold mining stock Newmont rose 1.4%, and mining stock Rio Tinto rose 0.8%. New Zealand's NZX 50 Index fell 129 points or 1%, closing at 13,295 points. Power stock Meridian and renewable energy stock Infratil fell 2.2% and 1.5%, respectively.

Singapore's Straits Times Index fell 11 points or 0.3%, closing at 4,568 points. DBS and Singtel fell 0.7% and 0.9%, while Sembcorp Industries and City Developments each rose 1.6%. Malaysia's stock market fell 0.5%, while Indonesia and Thailand's stock markets rose 0.2% and 0.3%, respectively, and the Philippines' stock market rose 0.8%. Vietnam's Hanoi stock market rose 0.1%, while Ho Chi Minh's stock market fell 0.1%