Recovered Central Asia in the Chinese Stock Market Holidays

Most Asian stocks are able to recover on Thursday, with investor sentiment boosted by the impressive performance of Wall Street the previous session. Trades were relatively quiet as mainland China's stock markets were closed to mark the end of World War II. China shares will be re-opened on Monday.

Japan's Nikkei 225 index rose 0.5% at the same time stop the decline of 4-day losing streak, thanks to positive sentiment on Wall Street and a weaker yen. The data showed Japan's service sector activity growth is the fastest in almost two years also contributed to boost the trading sentiment.

Markit report / Nikkei showed Japan Services PMI rose to 53.7 from 51.2 in July, the highest since October 2013. Components of heavyweights such as Fanuc able to record a gain of 1.3%, while export-oriented stocks such as Toyota Motor, Nissan Motor and Canon rallied around 2%.

In South Korea, the KOSPI index cut most of the gains to close almost flat after the release of disappointing GDP data. South Korean GDP revision for the April-June quarter confirmed the worst quarterly growth in more than six years, only grew 0.3%. On an annual basis, the GDP of South Korea for the 2nd quarter increased 2.2%, also unchanged from the preliminary estimate released 23 July.